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| Name | Markets are in 'waiting mode': Analyst |
| Video Uploader | Video From Yahoo Finance |
| Upload Date | This Video Uploaded At 20-05-2024 21:38:03 |
| Video Discription | Amid the uncertainty surrounding potential Federal Reserve rate cuts, markets (^DJI, ^IXIC, ^GSPC) have entered a stagnant phase as the latest FedSpeak fails to provide clear direction. In this environment, Baird Investment Strategy Analyst Ross Mayfield joins Market Domination Overtime to share his insights on market outlooks. Mayfield acknowledges that "there's nothing that has really changed the narrative" regarding potential rate cuts, suggesting that markets are in a "waiting mode for the big earnings." He notes that his current base case scenario could involve two rate cuts. With earnings season underway, Mayfield highlights the "tech reset sentiment," acknowledging the market's shifting focus. He emphasizes earnings reports revealed a broadening breadth in the market, encompassing sectors such as utilities, commodities, and cyclicals. Mayfield says this diversification of strength both domestically and internationally is "very much a good thing here." Despite the current uncertainties and market stagnation, Mayfield remains optimistic about the future growth trajectory of stocks. #stockmarket #youtube #news About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life. - Get the latest news and data at finance.yahoo.com - Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO) - Follow Yahoo Finance on social: X: http://twitter.com/YahooFinance Instagram: https://www.instagram.com/yahoofinance/?hl=en TikTok: https://www.tiktok.com/@yahoofinance?lang=en Facebook: https://www.facebook.com/yahoofinance/ LinkedIn: https://www.linkedin.com/company/yahoo-finance OQhEgUjayRI |
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