Russell E. Towne | November 18, 2024
11/18/2024 ‘The New Leadership in ’The Markets”
The New Leadership in ‘The Markets’
Stocks fall as Jerome Powell, Chairman of the Federal Reserve Bank, indicates the Fed is in no hurry to reduce rates with the economy in a reasonable position, according to Bloomberg 11/14/2024. With some pundits projecting as much as a 1.25-point reduction in rates by years end, followed by a republican win in the White House, the Senate and the House, with a .25 cut in rates, the markets bounded off on such news. Further, with Powell’s comments, the markets are starting to reflect the historic post-election week correction that has occurred in the last eight election cycles. In addition, with the change in the administration, investors will be looking for the new leadership that arises in the markets. Therefore, it is becoming a time to trim some positions and to add to others. In the last quarter of 2024 and the first quarter of 2025, many will now be looking for the new leadership in the markets…..
And……
The opportunities they represent!!!!
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The opinions expressed in this material do not necessarily reflect the views of LPL Financial and based on the political content of this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The economic forecasts set forth in this material may not develop as predicted. All indices are unmanaged and may not be invested into directly.
Russell E. Towne, LPL Financial Advisor, is a registered representative with and Securities and Advisory Services offered through LPL Financial, a Registered Investment Advisor. Member FINRA/SIPC.
The opinions expressed in this material do not necessarily reflect the views of LPL.