Futures Power Hour

What to Expect When You're Expecting Nothing

| Jul 31, 2024
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    Futures Power Hour

    What to Expect When You're Expecting Nothing

    Jul 31, 2024
    Chris Vecchio and Anton Kulikov discuss a significant pre-Fed meeting market rally, with Nasdaq up 500 points and the S&P nearly 90. Earnings reports, especially from tech firms, have underperformed, sparking concerns about expenditure declines. Semiconductor stocks saw a strong rebound, notably Nvidia. They predict that the Fed will hold rates steady and emphasize the importance of technical markers for sustaining current market gains. The bond market shows a quiet yet promising rally, and geopolitical tensions may further impact commodities like silver and crude oil.

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