Jason Katz warns that the stock market could face significant declines if upcoming inflation data fails to meet expectations. This sentiment reflects growing concerns among investors about the potential impact of inflation on economic stability.
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0 posts last weekTrump’s VP Pick, Stock Market Momentum, and Economic Outlook: A Brief Overview
Former President Trump secured the GOP nomination with JD Vance as his vice presidential pick. The stock market hit record highs, with the Dow Jones up 6.7% and the S&P 500 up 18% this year. Investors are anticipating a potential ‘red sweep’ and are closely watching the GOP’s policy platform during the Republican National Convention for its impact on equities. Federal Reserve Chair Jerome Powell indicated positive inflation data, with 89% of market participants expecting a rate cut in September.
read moreThe Potential Negative Impact of Fed’s First Rate Cut on Stocks
The Fed’s first rate cut could disrupt the stock market rally, according to UBS managing director and senior portfolio manager Jason Katz. He believes that the interest rate cut will have a negative impact on stocks.
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