New Quarter
As we entered the second quarter of the year, the US stock retreated for 2 consecutive days.
Some strong economic data on Monday had sent yields higher and reduced the odds of a rate cut in June - this could be the reason why we are having this little pullback.
But on Tuesday, Fed’s Mester said that she continues to expect the central bank to be able to cut rates this year, and June could be the start. Let’s see if this will calm the market a little.
Meanwhile, Powell is scheduled to speak on Wed. Stay tuned.
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Check out my weekly market and stock analysis video if you have time:
Stock Market Outlook - Apr 2024
https://youtu.be/jxR9CRT5xeA
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