Stocks and currencies in developing economies extended their rally as investors turned their focus to the pace of US monetary easing beyond the rate cut that policymakers are widely expected to deliver on Wednesday https://t.co/h4cBn3t2Mb ...

Reuters Investors think a rate cut this week is nearly a foregone conclusion as the Fed's meeting starts. JPMorgan thinks the most likely scenario is that the Fed will issue a "dovish cut." The bank laid out how much stocks could rise or fall for each possible outcome of the meeting. The moment investors have been waiting for all year is here. Markets have been clamoring for the Federal Reserve to resume its rate-cutting cycle, and the central bank is expected to finally trim its target rate durin ...

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While the entire market is hoping that the Federal Reserve will announce a cut in interest rates, the crypto market is holding its breath as the decision is set to influence the ebbs and flows of cash flow into the industry. As the Federal Open Market Committee (FOMC) meeting concludes on Sep. 17, there is an expectation of a rate cut of 25 basis points. Kevin Rusher, founder of real-world asset (RWA) borrowing and lending ecosystem RAAC, says what matters in the long term is not the magnitude of the cut ...

Market Overview - Major stock indices are experiencing a pullback from record highs, with the Dow down approximately 80 points, while the S&P 500 and Nasdaq are roughly flat [1][2][3] - The Russell 2000 small-cap index is down about 0.25%, indicating more negativity compared to larger indices [4] - The 10-year Treasury yield is down to 4.03%, approaching the psychological level of 4.0% [4][5] Federal Reserve Insights - The Senate confirmed Steven Myron as a Federal Reserve governor, with expectations of a 25 basis point rate cut during the upcoming FOMC meeting [9][10] - Myron's dovish stance raises questions about his support for the rate cut, as he may prefer a larger reduction [10][11] - The Fed's dual mandate is under tension, with a softening job market and broadening inflation, complicating the decision-making process [17][23] Consumer Behavior and Retail Sales - Retail sales data shows strength, with August figures beating expectations, indicating consumer resilience despite economic uncertainties [15][20] - Best Buy's CEO noted steady consumer demand, particularly in electronics, with low single-digit positive comps expected for the quarter [108][111] - The housing market's performance is linked to consumer spending on big-ticket items, with a sub-6% mortgage rate seen as a potential catalyst for recovery [116][117] Sector Performance - The energy sector leads with a gain of 1.75%, while utilities and real estate are underperforming [5][6] - Tesla has been a standout performer, up 2%, contributing to the consumer discretionary sector's strength [6][7] - Chinese tech stocks are showing positive momentum, with Alibaba and JD.com up 2% and 3% respectively, indicating a divergence from U.S. market trends [7][84] Company-Specific Developments - Hershey Foods received a double upgrade from Goldman Sachs, reflecting strong pricing power and a positive outlook ahead of the holiday season [68][70] - Ralph Lauren's long-term financial outlook disappointed some investors, but the stock remains up 35% year-to-date, with a focus on inclusive luxury [63][66] - CLA, a new fintech stock, received mixed reviews from analysts, with a buy rating from Compass Point Research and holds from others, indicating cautious optimism [58][60]

Market Overview - Wall Street experienced a slight pullback as investors took profits after record gains, with the S&P 500 down 0.13% to 6,606.76, the Nasdaq Composite down 0.07% to 22,333.96, and the Dow Jones Industrial Average down 125.55 points or 0.27% to 45,757.90 [1][2] Federal Reserve Meeting - The Federal Reserve is holding a two-day policy meeting, with expectations for a quarter-point rate cut, and traders are looking for guidance on potential further cuts by year-end [2][4] - Chair Jerome Powell's post-meeting press conference is anticipated for insights on future rate paths [2] Corporate Movements - Nvidia and Microsoft saw declines of 1.6% and 1.2% respectively, while Alphabet and Palantir also retreated amid the Fed meeting [2] - Eli Lilly's stock rose over 2% following the announcement of a $5 billion manufacturing facility in Virginia [6] - Nio's stock climbed more than 2% after receiving an upgrade from UBS [6] - Webtoon Entertainment surged 31% due to a digital comics partnership with Disney [6] - Hims & Hers fell 7% after an FDA warning [6] Global Trade and Economic Indicators - U.S. Treasury Secretary expressed optimism regarding trade talks with China, indicating a potential deal ahead of upcoming tariffs [5] - Gold prices reached a new record above $3,699 an ounce as investors prepared for a rate cut [6] - Cryptocurrency prices remained stable ahead of the Fed's decision [6] Analyst Predictions - Analysts expect a quarter-point cut with a dovish tone, with predictions of up to 100 basis points of easing over time [7] - Monetary policy adjustments are anticipated to support higher equity prices despite signs of labor market cooling [7] Banking Sector Insights - Wells Fargo's Mike Mayo reaffirmed Citi as a top pick and raised price targets across the banking sector [8] - Barclays increased its target on Taiwan Semiconductor, citing strong AI-driven demand [8]

Group 1 - The market has experienced a significant rally, up 35% since April, raising questions about the sustainability of this growth and the potential for future rate cuts [1][4][5] - There is ambiguity regarding whether the market anticipates a rate cut due to the Federal Reserve's ability or necessity, influenced by uneven labor market data [2][3] - Projections suggest a trough in growth towards the end of the year, with GDP expected to stabilize around 1.5% by 2026, alongside a peak in inflation [3][5] Group 2 - The AI trade is highlighted as a dominant factor in market performance, potentially overshadowing macroeconomic and interest rate influences [4] - There is a notable presence of skeptics regarding the near-term durability of the market rally, which could be beneficial for long-term stability [5] - If the market were to ignore a potential rate cut announcement, it could indicate overconfidence and increase the likelihood of a market pullback in October [6]

Joining me now, Brian Levit, global market strategist at Invesco. Brian, great to have you back at the desk. >> Thank you.Great to be here. >> All right, so we're looking at an S&P 500 at another record high. Does S&P above 6,600 make sense to you or is this market overpriced.>> I think it makes sense to me. I mean, the thing about market highs is you're going to hit a lot of market highs in your life. They they happen about once every two weeks on average.up. Valuations are a bit extended, but at the same ...

Core Viewpoint - Home builders are optimistic about a potential rate cut by the Federal Reserve, as indicated by the National Association of Home Builders [1] Industry Summary - The sentiment among home builders is positive, with expectations that a rate cut could stimulate the housing market [1]

A rate cut at the September Fed meeting looks like a done deal. Be careful with stocks and watch the dollar. ...