US MARKETS SIZZLE, WHILE GLOBAL MARKETS FIZZLE
US MARKETS SIZZLE, WHILE GLOBAL MARKETS FIZZLE
Wall Street is doing very well as traders prepare for important interest rate decisions from central banks around the world.
The U.S. economy is growing strongly, its best since October 2021, boosting market confidence.
The U.S. services sector is performing better than expected, which is giving a big boost to the economy and stock market.
Tech companies like Broadcom, Tesla, and MicroStrategy are driving the U.S.
stock market to new highs, especially in AI and chip technologies.
MicroStrategy's investment in Bitcoin is paying off, with Bitcoin prices hitting a record above $105,000.
Markets in Asia and Europe are struggling due to weak retail data from China.
The Japanese yen is under pressure because the U.S.
dollar is strong, and there's no clear plan for a rate hike by Japan’s central bank.
The U.S. Federal Reserve is expected to cut interest rates by 0.25%, but there's growing speculation it may take a slower approach moving forward.
Some experts think the Fed might reduce rates more cautiously in 2025, reflecting strong economic conditions.
