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, .IXIC, GOOGL,
Keywords: federal reserve bank, jerome powell, apple inc, inflation, prices, nasdaq composite, sundar pichai, dow jones industrial average, business news, technology, alphabet inc, austan goolsbee, world markets, s&p 500 index, markets, interest rates,
Source: https://www.cnbc.com/2023/11/15/stock-markets-rational-exuberance.html