From Nasdaq:

Equities continue rising, with speculation back in markets. Gold prices spike before correction, and junk bond spreads indicate increasing risk. Fed signals tapering rate cuts, as inflation surpasses 2%. Small business optimism declines, inflation remains a top challenge. Stocks not in a bubble but could see a pullback. Market sentiment slightly positive, passive/indexers market share grows. Recessionary concerns diminish, earnings growth needed for rally. U.S. markets mixed, dollar lower, commodities and bonds rebound.

Key takeaways: Equities mixed, oil and treasury yields up, gold higher, dollar lower. DJ slightly up, S&P500 down, Nasdaq drops, R2K and Canadian TSX edge up. Global stocks mixed, 10-year treasury yield at 4.178%, gold at $2,166, Bitcoin at $72,164. Risky assets rally, supply chains function well. Focus on US CPI and retail sales, ECB, BOJ, and BOE rates. Toyota agrees to significant wage hike, China exports surge, UK economy sees modest growth. TikTok prepares legal fight, US sends weapons to Ukraine, EU nears aid deal for Ukraine. Biden, Trump clinch nominations, Putin warns on nuclear weapons use. Pentagon scraps $2.5 billion Intel grant, Gildan CEO faces affair allegations, Boeing crisis affects output.

Market and macro news: Fed on hold until June, rate-cut pace watched. BOJ may end negative rates, ECB may adjust rates soon. UK economy grows, China exports surge, US readies weapons for Ukraine. EU nears aid deal for Ukraine, Spain approves Orange and MasMovil merger, Singtel in talks to sell Optus. Boeing crisis impacts output, oil production forecast raised, Shell cuts jobs in deals team. Putin supports OPEC+ cuts, Shell cuts jobs, OPEC positive on oil security. Oil product stocks fall, support for oil cuts wavers, Shell cuts deals team jobs.



Read more at Nasdaq:: Rate Cuts Getting Pared Back