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- What happened to the rate cut? Not March Jan 30th Stock market update
What happened to the rate cut? Not March Jan 30th Stock market update
"Based on the meeting today, I would tell you that I don't think it's likely that the committee will reach a level of confidence by the time of the March meeting to identify March as the time to do that. But that's to be seen," Jerome Powell said.
All indices took a break, with NASDAQ leading the way down
After decent earnings from Google and Microsoft and a weak forecast from AMD, the market focused on Fed and learning that there would be no interest rate cut in March, headed for a much needed break lower.
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It was red in all sectors, with Communications and Tech leading the way
Novo Nordisk $NVO continued its climb after good earnings, and Make My Trip $MMYT is heading in the right direction after their strong earnings a few days ago.
Video of the day
Today’s video is on a networking leader in the AI world - Arista Networks $ANET
Deep dive of the day
Today’s writeup is on FIGS a scrubs and healthcare apparel company.
Good setups for swing
MANH is setting up well for a move LOWER first to $220 and then back to $250
$ARVN 1 month breakout to $50s by earnings Feb 26