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- Nov 1st Stock Market Update - The jobs report forces the Fed hand to another 0.25% interest rate cut (1)
Nov 1st Stock Market Update - The jobs report forces the Fed hand to another 0.25% interest rate cut (1)
$GEV $CRWD $PINS
Mukund Mohan
November 01, 2024
Market
“The job creation slowed to the lowest point since 2020, with 12K jobs created in Oct vs 100K expected, of which 44K was thanks to Boeing. This forces the Fed hand to have another 0.25% rate cut in 2024 ” 😊 😋
The markets were positive on an anticipation of a Fed rate cut and good earnings from AMZN
Amazon, Doordash, Atlassian and Apple had terrific results with strong growth in their earnings, getting the NASDAQ back higher today, erasing some of the losses from yesterday.
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Today’s video is on Crowdstrike $CRWD the Cybersecurity company that’s going to be a long term winner, even with their hiccups.
