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CNBC Daily Open: Rational exuberance - TL;DR CNBC

CNBC Daily Open: Rational exuberance

Publishing timestamp: 2023-11-14 18:58:22


Summary

The article discusses how prices in the US were unchanged in October, which was lower than economists expected. However, stocks jumped and Treasury yields tumbled in response to the cooler-than-expected CPI report. UBS expects the Federal Reserve to slash interest rates by as much as 275 basis points in 2024. Google pays Apple 36% of its Safari search revenue. There is a massive divergence in markets, which could signal trouble ahead for stocks. The article also mentions the rational basis behind the market movements and the potential for lower interest rates.


Sentiment: MIXED

Tickers: AAPL.SPX.DJI.IXICGOOGL

Keywords: federal reserve bankjerome powellapple incinflationpricesnasdaq compositesundar pichaidow jones industrial averagebusiness newstechnologyalphabet incaustan goolsbeeworld marketss&p 500 indexmarketsinterest rates

Source: https://www.cnbc.com/2023/11/15/stock-markets-rational-exuberance.html


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