Jackosen
10-08

Maybe it is a good thing for the stock market as there are no more govt reports during shutdown. Now the sentiment for more rate cuts is still high.

FOMC Minutes Amid Shutdown! Is Fed Ready to Go Further?
Traders await minutes of the Fed's last policy meeting later in the week, while the federal government shutdown entered its sixth day. Last month, the central bank reduced its benchmark rate by 25 bps. Powell said in September that the Fed was facing a "challenging situation", noting that near-term risks to inflation were tilted to the upside and those to employment leaning downside. Powell is scheduled to speak on Thursday. -------- Do you expect another 25 bps in October? How will market move this week? With multiple stocks surging, is market entering a stage of irrational exuberance?
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