SUMMARY OF FED CHAIR POWELL'S -To The Moon - Tiger Brokers Online Investing Community - To The Moon

SUMMARY OF FED CHAIR POWELL'S COMMENTS (7/2/24):

1. The trend of disinflation appears to be resuming

2. Need to be more confident before reducing rates

3. Fed doesn't see 2% inflation "this year or next year"

4. Budget deficit is very large and unsustainable

5. 4% unemployment is still a very low unemployment rate

6. Moving to fast creates risk of inflation returning

The Fed needs more data before rate cuts can begin.

It's clear that the Fed will continue their "meeting by meeting" approach.

While markets are expecting 2 rate cuts this year, the Fed's latest guidance says 1 cut is coming.

The next few months are crucial.

Sector Rotation? Will Fund Flow to ____ ?

As semiconductors pulled back, the financial and consumer sectors closed higher. Companies like PG, CL, and WMT hit new highs. Tesla and Apple also showed strong momentum recently. SaaS stocks Snowflake and Cloudfare present good upward trend. ----------------------- What other opportunities are worth paying attention to? Will fund flow to other sectors? Will growth stocks start to rise?

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