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- Jul 3rd Stock Market Update - Private payrolls grow slower than expected, increasing odds of rate cut sooner
Jul 3rd Stock Market Update - Private payrolls grow slower than expected, increasing odds of rate cut sooner
$AFRM $GWRE $WIX
Mukund Mohan
July 03, 2024
Market
“Private payrolls grew 150K in June, less than 157K expected, which gave more ammunition to the cut rates now group. The Fed signaled however, it was in wait and watch mode” 😮💨 😑
Great move by the NASDAQ thanks to Nvidia but the Dow took a hit
Tesla and Nvidia moved over 5% each today as the NASDAQ shot higher with no discernable move expected lower ahead of the long weekend.
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Good strong showing across the technology sector
Many of the #AI names including Broadcom $AVGO and Salesforce $CRM continued to show strength.
Insights from the portfolio
Video of the day
Today’s video is on Affirm $AFRM, the Buy Now, Pay Later fintech company.
