'Party On, Wayne!' Market Expert Outlines Ideal Scenario For Stocks
Portfolio Pulse from Aaron Bry
Cameron Dawson, CFA and Chief Investment Officer at NewEdge Wealth, discussed the Federal Reserve's decision to cut rates three times this year and its implications for stocks. Despite higher inflation, the Fed's dovish stance, highlighted by Chairman Jerome Powell, supports strong economic growth and benefits equities and credit markets. The SPDR S&P 500 ETF (SPY) reached new highs, surpassing $524, while Apple Inc (AAPL) experienced weakness due to a new antitrust suit by the Department of Justice.
March 21, 2024 | 7:35 pm
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Apple Inc faces weakness after the Department of Justice announced a new antitrust suit against the tech giant.
The announcement of a new antitrust suit by the Department of Justice against Apple Inc has led to a negative impact on its stock, as highlighted by its weakness compared to other tech companies.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 80
POSITIVE IMPACT
The SPDR S&P 500 ETF reached new all-time highs, surpassing $524, following the Federal Reserve's decision and Powell's comments.
The Federal Reserve's decision to cut rates three times this year, coupled with Chairman Powell's dovish stance, has created an optimistic environment for equities, leading to SPY reaching new all-time highs.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 90