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Buonasera.
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TMTB Morning Wrap
Good morning - QQQs +20bps and main story is out of China as China stocks are moving higher after China's Central bank lowered interest rates and the government added stimulus designed to bolster the stock market.
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Heading out before the close so sending this one out early.
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What a day! QQQs +2.5% as investors got excited about new rate cut cycle and what it means for equities.
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QQQs -43ps on a bit of sell the news reaction after Fed decided to cut by 50bps: ““The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance” Only one dissenter (Bowman).
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