Positive

From Nasdaq: 2024-05-24 13:00:00

Wall Street has been influenced by Artificial Intelligence and the Federal Reserve. NVIDIA’s earnings boosted AI optimism briefly, but Fed minutes led to stock slipping from record highs due to interest rate worries. Economic data, including strong PMI, hints at a hesitant Fed increasing rates. Investment strategies in a rising rate environment include senior loan, floating rate bond, niche, and inverse ETFs. Sectors like consumer and Eurozone may be impacted differently by rising rates. Goldman Sachs CEO predicts no interest rate cuts this year due to persistent inflation. German economy shows signs of improvement, making Eurozone ETFs like HEZU a good buy.



Read more at Nasdaq: “Zero” Fed Rate Cut in 2024? ETF Strategies to Follow