Markets are up big Wednesday morning, even as bonds continue to rise no matter what the Federal Reserve keeps telling us in regard to rate cuts.
The odds of a rate cut, meanwhile, are still 64% for June. I don’t believe that to be the case, but the market doesn’t care what we think.
We get the latest gross domestic product report at 8:30 a.m. ET on Thursday, and the market has been moving higher on every bit of positive data…
No matter the fact that we’re unlikely to get a rate cut any time soon.
The markets continue to remain fragmented ahead of the holiday-shortened week ahead of Good Friday, when the biggest report of the week comes out, Personal Income and Outlays.
So long as the long bond (TLT) is rising, Utilities stocks are a safe bet.
I’ll cover all that and more in this morning’s “Premarket Must Watch” video!
Roger Scott
Roger Scott Trading
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P.S. Today’s the Day: We’re Sharing a ‘New’ AI Gem at 1 p.m. ET!
We’ve been gearing up all week and today, it’s finally happening.
I’m sure you’ve caught the AI frenzy with Nvidia and SMCI’s staggering jumps this year.
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