Job Market Still Strong, But Stocks Are Feeling Bubbly
From Nasdaq:
Nasdaq’s IR team reports market optimism due to potential rate cuts. Powell hints at future rate cut confidence. Market rally raises inflation concerns. Tech sector outflow. Investors favor share buybacks. SEC enforces climate-related disclosures. UBS bucks credit policy change. Britain and ABP tighten ESG regulations. BOJ may exit negative rates. ECB to unveil new policy. Global layoffs increase, mortgages rates drop. US and China chip tensions rise. Biden focuses on economy and democracy. Mixed bag for global markets and industry.
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