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IPFS News Link • Stock Market

Rate-Cut Hopes Resurrected As 'Hard' Data Slides: Stocks, Gold, Oil, & Crypto Dumped

• https://www.zerohedge.com, by Tyler Durden

Which prompted a resurgence in rate-cut hopes....

But today's Chicago PMI puke dominates any in-line PCE print and dragged stocks lower on the week, led by weakness in Nasdaq as Small Caps were the leat ugly horse in the glue factory. The typical late Friday meltup painted some lipstick on the week's pig...

For the CTA followers: The S&P tested below its short-term threshold at 5203 and found support (the Medium-term threshold for CTA sellers is consoderiably lower at 5002)...

On the month, all the majors were green with Nasdaq leading and The Dow lagging...

Energy and Utes outperformed while Tech stocks saw a notable 3% on the week...

MAG7 stocks ended the week lower overall...

Treasury yields were mixed on the week with 2Y and 5Y ending lower and the longer-end lagging...

Treasury yields were lower across the whole curve for the month with the belly outperforming...

The dollar managed gains on the week, having bounced off the week's unch line today...

Gold ended lower on the week thanks to a post-PCE puke today...


thelibertyadvisor.com/declare