The Bank Of England Is Deeply Divided, But We’re Expecting A Rate Cut This Week
The Bank of England is heavily divided. Four of the nine-strong committee are pushing for faster rate cuts; another four think the opposite.
Market Rotation…
The primary trend in equities remains up, with seasonality strongly supportive of a rally into the end of the year.
S&P 500 Hits New Record High After Fed Rate Cut But Retreats On AI Earnings Scare
After the Fed acted to cut the Federal Funds Rate by a quarter point on Wednesday, the S&P 500 went on to strike a new record high of 6,901.00 on Thursday.