SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Sharck Soup
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Sharck who started this subject6/4/2001 11:02:16 AM
From: besttrader   of 37746
 
11:00 ET Dow -26, Nasdaq -5, S&P -1.23: [BRIEFING.COM] Still lower on the major averages though the indices have pulled off the
day's worst levels. Notably, financials are mixed this morning behind Alan Greenspan's comments last night. Speaking at a conference in
Singapore, Mr. Greenspan indicated that inflation is not a threat to the U.S. economy. Implicit in his comments, the Fed remains open to
additional interest rate cuts which should be a positive for U.S. equities. One of the critical questions investors have been facing is when the
Fed's easing cycle will end. Put another way, the question goes to the timing of the Fed's last interest rate cut. Currently, the general
consensus leans towards another quarter point cut in June which will represent the last rate cut from the Fed. Subsequent to the last rate cut,
there are those who see rate hikes by the end of the year. Whether Mr. Greenspan's comments were intended to signal additional interest
rate cuts or not, they may have been aimed at adding uncertainty as to when these cuts will be "taken back" by subsequent rate hikes. DJTA
-0.4%... DJUA -0.6%... SOX -2.4%... XOI +1.3%... BTK -0.1%... Nasdaq 100 -1.1%... S&P Midcap 400 +0.1%... Russell 2000
+0.2%... NYSE Adv/Dec 1510/1179... Nasdaq Adv/Dec 1589/1599.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News