Rate Cut and Good Earnings

Yesterday the market got the rate cut it expected and mega cap tech stocks reactions were good.

PRE-OPEN MARKET COMMENTS THURSDAY - Yesterday the Fed cut interest rates by 25 basis points and they are ending quantitative tightening (QT) which is another form of easing. Powell said that another rate cut in December wasn't a "given", but he certainly didn't reject the idea. Banks continue to tap the Fed's overnight repo facility and that is a sign that liquidity is tight.

Daily Bulletin Continues...