Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (59873)

9/5/2024 3:50:07 PM

From: Johnny Canuck

Respond to of 67891

This article is not saying anything we have not mentioned her before. It is just starting to get mainstream play, which will affect the retail traders paychology.

>>>>>>>>

archive.today
webpage capture

Saved from

no other snapshots from this url

5 Sep 2024 19:16:14 UTC

All snapshots

from host www.cnbc.com

Webpage Screenshot

share download .zip report bug or abuse

Skip Navigation

Markets
Business
Investing
Tech
Politics
Video
Investing Club

PRO

Livestream

Search quotes, news & videos?
Watchlist

SIGN IN

Create free account

The Fed won’t save stocks, sell the first rate cut, says Stifel
Published Thu, Sep 5 2024•3:06 PM EDT

Yun Li @YunLi626

Share?Share Article via Facebook?Share Article via Twitter?Share Article via LinkedIn?Share Article via Email

Think rate cuts will save the bull market? Think again, according to Stifel. “Fed cuts are a red herring,” Stifel strategists said in a note to clients. “We have our doubts about the currently widespread belief that ‘Fed Cuts = Buy Stocks.‘” Markets are expecting the central bank to lower benchmark rates by at least a quarter percentage point in a few weeks, which could give the stock market a much needed boost after a volatile period. However, Stifel thinks a big phenomenon in the bond market is spelling trouble ahead, set to put pressure on risk assets regardless of the Fed’s future moves. The benchmark 10-year yield inched above the 2-year for the first time since June 2022 earlier this week, reversing a classic recession indicator. An inverted yield curve has signaled most recessions since World War II. A normalization of the curve usually takes place before a recession hits, meaning the U.S. could still be in for some rough economic waters ahead. “Economic slowdowns have always been preceded by bottoming 10Y-2Y ‘bull steepening’ yield curves,” Stifel said. “Bull steepening yield curves have historically led to the weakest stock markets.” The Wall Street firm is advising clients to position defensively, buying inexpensive equities in consumer staples and healthcare, for example. Specifically, stocks in biotech, life sciences, household goods, food and beverage industries tend to outperform of the trend in the bond market persists. The S & P 500 is down more than 2% week to date as concerns mounted over the economy. Investors anxiously await Friday’s jobs report to further assess the outlook.

More in Pro

More In Playbooks

Trading the big jobs report: How JPMorgan sees stocks reacting to these scenarios

Alex Harring3 hours ago

We haven’t even reached the worst part of September for markets

Fred Imbert4 hours ago

Thursday’s big stock stories: What’s likely to move the market in the next trading session

Jason Gewirtz

Read More?

News Tips
Got a confidential news tip? We want to hear from you.
Get In Touch
?CNBC Newsletters
Sign up for free newsletters and get more CNBC delivered to your inbox
Sign Up Now
Get this delivered to your inbox, and more info about our products and services.
Advertise With Us Please Contact Us

© 2024 CNBC LLC. All Rights Reserved. A Division of NBCUniversal
Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.
Market Data Terms of Use and Disclaimers
Data also provided by

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%