Exuberance sees Dow pass 40k mark

Friday 17th May 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABEven though equities fell form their record highs of yesterday, that wasn’t until after the Dow passed the 40k mark for the first time ever. JBWere’s Sally Auld is surprised at the confidence in US equity markets, particularly as data is showing more signs of softness and Fed speakers continue to talk about waiting longer for cuts. JPMorgan’s James Dimon also expressed concerns about the inflationary impact of the rising US deficit. There’s also discussion about yesterday’s Australian employment numbers, which saw the unemployment rate rise more than expected.  Hosted on Acast. See acast.com/privacy for more information.