Global equities are rising to new highs as investors adjust to blockbuster Big Tech earnings and a divided Federal Reserve that has kept rates on hold for now. below the surface, oil again above 100 And sticky inflation The price of perfection is quietly tightening the noose on the market.
What’s happening📈
Traders’ positions are driven by mega-cap tech ahead of quarterly results from Alphabet, Amazon, Meta, Microsoft and Apple, with the S&P 500 and Nasdaq hovering near or hitting record closes. The Federal Reserve left its policy rate unchanged at 3.5-3.75 percent, but the meeting was successful Highest number of dissents since 1992 Because officials are divided on how quickly to ease the policy. Meanwhile, Brent crude climbed above $100 a barrel and 10-year US Treasury yields rose above 4.3 percent as the Middle East conflict and solid data raised concerns that inflation will remain high.
Why does it matter 🧠
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