00:00The Fed is guaranteed to cut rates in September according to traders and the stock market is
00:05already exploding. Tuesday's job report showed that the labor market had been slowing way earlier
00:09than Wall Street thought. That single revision, 911,000 jobs wiped off the books, was enough to
00:15send all three major indexes to fresh record highs. The Dow surged 196 points, the S&P and
00:21NASDAQ also closed higher, even UnitedHealth popped 8% on upbeat Medicare news. Meanwhile,
00:27Oracle shocked everyone with a 359% backlog surge and GameStop jumped 8% on a special dividend.
00:34But not everyone's winning synopsis crashed over 20% after slashing guidance. Markets now price in
00:40100% chance of a Fed rate cut in September. The bull market has already gained 81% since 2022
00:45and analysts say it still has room to run. Do you think this rally keeps going or is Wall Street
00:50getting ahead of itself?
Comments