US Stock Futures Keep the Momentum, Even as the Fed Keeps Us on the Edge
Today’s futures market gave the stock scene another bright ripple, building on the record‑setting climbs of both the Nasdaq and the S&P 500. The market’s optimism is still thick on the air, even though Fed Chair Jerome Powell didn’t spell out a concrete timeline for a rate‑cut walk in his Capitol testimony.
Powell’s “Just Stay on Your Toes” Moment
- Powell said that every fresh burst of good data rakes in confidence for hitting the Fed’s 2% inflation goal.
- He warned that snatching cuts too early could backfire on inflation control, while pulling the trigger too late could hurt the economy.
What Investors are Gearing Up For
- A couple of rate cuts are on the cards for this year, with September feeling like the first “cutting edge.”
- Market chatter is ripe for speeches from Austan Goolsbee (Chicago Fed President), Michelle Bowman, and Lisa Cook (both Fed Governors).
- Expect a big showdown next week with the Consumer Price Index (CPI) on Thursday and the Producer Price Index (PPI) on Friday—crucial data that could cement the September cut picture.
The Tech Buzz That Keeps Shaking the Wall Street Sock Shop
Tech was the star of the show: Nvidia nudged up during pre‑market after smashing a near‑three‑week high the day before. Other chip players like Arm and Micron also climbed the ladder, while US‑listed shares of Taiwan Semiconductor Manufacturing Company (TSMC) swooped up after a Q2 revenue surprise that over‑delivered on expectations.
Why the Tech Guys Survive (and Thrive) Even in a Rate‑Cut Drama
- Innovation and growth meanty are still on the rise, which keeps investors’ hearts beating fast.
- Even with a potentially priced‑in rate cut, the tech bubble still has a lot of room to laugh.
Bottom line: The market’s still buzzing, investors are waiting for Fed speeches, and tech stocks are tightening their grip on the scene. Grab your coffee, because the rest of the week is run by the CPI and PPI—the future’s on the red thread.
