Joel Elconin - Don't Fight The Fed (And Other Central Banks)!
Joel Elconin, Co-Host of the Benzinga PreMarket Prep Show and Editor at PreMarket Prep joins me to recap the Fed meeting and market reaction. Overall the Fed is still looking to cut rates 3 times this year which pushed markets higher.
Joel outlines a number of sectors that have been playing catch up to the magnificent 7, including financials and other interest rate sensitive sectors. We also discuss the rise in commodity prices.
There are a couple areas of the market that are showing a bit of weakness, such as some retail stocks, like Nike and Lululemon. Also some news from the DoJ regarding an antitrust case against Apple.
