The S&P 500 -Futures climbed 0.74% this morning after the index itself was closed by 0.73% yesterday. Much of this jump came from Tech shares: the Nasdaq Composite closed 1.21% after the use of Blowout from Palantir, which increased another 3.62%.
The current Bullisum in Wall Street is a strong contrast to what economists see in the macrodata. The darkest aspect of the gloomy jobs of last week is. “We got an Economic Data Dump last week, a lot of data. And they were all uniformly too ugly,” Mark Zandi, chief economist from Moody’s Analytics, said in the concord coalition podcast “Be opposed to the future. “”
Zandi later added: “This weekend I triggered the alarm bells in this post just because, as soon as I really sat down and looked at all the data,” Oh, my goodness! This economy really has difficulty getting forward. “And so” applies to the abyss of the recession, “I think.”
So if the economy is fragile, why do investors buy? Because you expect the FED to get in with interest rate cuts to save your bets. (Cheaper money generally turns into a stronger demand for shares.)
Goldman Sachs currently predicts that there will be now three Interest cuts this year: “A weak US labor market report last Friday (August 1) triggered the market concerns with regard to US economic outlets and had a significant front-end rally in the US rates. We see space for this repetition to continue, since our starting expectations for the networking of installments that are cost three times this year, and twice Year, and this year twice in the H1-H1 advantages, which next year took market prices in damage to martess award winners in a chess. Assets.
His colleague Vickie Chang says that the basics – a bad labor market and a declining consumer enthusiasm – are now ignored by stock dealers. “The core risk of growth prices is something that threatens the conviction of the market that it can look through the current weakness and reduce the view of a recession,” she said in a research note.
Fed cuts are in the post office, right?
Not so fast. Zandi is also dark. President Trump’s tariffs and his restrictive immigration policy “increase inflation and weaken economic growth.
He also predicts a sale of bond market, so … crossed his fingers crossed, everyone!
Here is a snapshot of the campaign in front of the opening bell in New York:
- S&P 500 Futures had increased by 0.48% this morning, Premarket after the index was closed by 0.73% yesterday.
- Stoxx Europa 600 had increased by 0.5% in early trade.
- The Great Britain FTSE 100 had dropped by 0.33% in early retail.
- Japan Nikkei 225 had increased by 0.65%.
- China CSI 300 Was flat.
- The South Korea Kospi had increased by 0.92%.
- India Nifty 50 had dropped by 0.48%.
- Bitcoin Rose to $ 114.9,000.
