Daily Note | January 31, 2024 | Sharks Are Circling DMF
Stocks are little changed as the earnings from megatech failed to excite investors. Pre-market, AMD is down -6.5%, Google is down -5.5% and Microsoft is down -1.6%. The balance of MegaCaps are lower as we await the Fed today. Bond yields lower as part of a bull steepening.
The macro data focus is on ADP, ECI (Fed’s preferred measure of wage inflation), C…
Keep reading with a 7-day free trial
Subscribe to Yield Hunting to keep reading this post and get 7 days of free access to the full post archives.