Daily Note | November 15, 2024 | Buffer Options, Added To PIMCO, BGH

Stocks are lower again today but this time a bit more aggressively with the S&P off 0.8% and the Nasdaq down -1.2%. The main driver of the weakness was Powell late yesterday afternoon saying at an event in Dallas that they weren't in a hurry to cut interest rates further.

There is still a 58% chance of a cut in December according to Fed Funds futures. Th…