Stock market today: Dow, S&P 500, Nasdaq rally as Fed cuts interest rates by 25 basis points
View original at finance.yahoo.comStock market today: Dow, S&P 500, Nasdaq rally as Fed cuts interest rates by 25 basis points US stocks rallied on Wednesday after the Federal Reserve cut rates by 25 basis points in its final policy decision of the year…
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No FOMC members are considering hiking rates currently
80% confidenceThe Fed decision is a bit of a relief given that it could have been even more hawkish
80% confidenceThe Fed is well-positioned to see how the economy evolves
80% confidenceThe view has been that Chewy's gross margin has limited upside going forward
80% confidenceChewy continues to outperform the pet category and expand market share, with profits growing faster than sales
80% confidenceCentral banks hold more gold than US Treasurys for the first time since at least the 1990s
80% confidenceThe premium paid for copper in the US is impacting already low global inventories and placing upward pressure on global copper prices
80% confidenceGold bull markets don't normally come to an end because they're overbought
80% confidenceIf gold demand continues at roughly the average rate since 2001 (around 14%), it will likely crack $5,000 per ounce in 2026
80% confidenceGold is overbought but underinvested with room to grow
80% confidenceOngoing supply disruptions and repositioning of copper to the US ahead of potential policy changes are impacting an already tight copper market
80% confidenceChewy's sponsored ad scaling needs to continue for the same magnitude of gross margin gains
80% confidenceGold markets normally end when underlying conditions that triggered the bull market have subsided, which is not currently the case
80% confidenceMarkets are taking this with a grain of salt, knowing that next year will bring many changes when it comes to the Fed
80% confidence