HomeMarketsU.S. EconomyTuchman: 'Reactive' Market Hinges Too Much on Fed, Now Buying Back What it Sold
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Tuchman: 'Reactive' Market Hinges Too Much on Fed, Now Buying Back What it Sold

Tuchman: 'Reactive' Market Hinges Too Much on Fed, Now Buying Back What it Sold

Peter Tuchman, the "Einstein of Wall Street," says "we're in a new market" that reacts quickly to harsh news. He points to today's rally in tech, communications and consumer discretionary sectors to support his thesis, noting they were the same sectors that sold off yesterday. On the Fed, Peter says the market relied too heavily on rate cuts despite the economy showing signs of strength.

Trading 360

17 Jan 2025

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