The Fed gives an update on interest rates every month or two. But what investors think the central bank will do next can shift in less than a day. This week is a great example. Heading into Tuesday, investors were pricing in a 70% chance of an October rate hike. But then, in the afternoon,
When are we going to stop counting out Mark Zuckerberg? As concerns over AI mounted over the summer, Meta was one of the companies hit hardest. Investors were particularly skeptical about the firm’s massive capex-spending plans, especially since Meta was seen as more concentrated on AI than fellow hyperscalers like Microsoft. But the roaring success
The first rate hike in three years is in the books. The Fed is officially taking direct steps to slow inflation. Meanwhile, the equity market’s worst-performing sector this year has already been pricing in a slowdown. Anyone caught off-guard by the recent consensus around a rate hike clearly hasn’t been paying attention to consumer discretionary
Nvidia will officially cap off tech earnings season today after the closing bell. It’s been a tumultuous several weeks for the AI trade and mega-cap tech more broadly, with investors reacting sharply to results on both ends of the spectrum. On one side you had Alphabet and Tesla, which drew investor ire after ramping up
