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Jeremy Siegel: Stock Market Shifting in New Direction
News August 26, 2024 at 02:57 PM
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What You Need To Know
- The stock market has tilted away from tech stocks since the Fed chairman's comments last week signaling interest rate cuts would come soon.
- Value, dividend-paying and smaller-cap stocks gained after Powell spoke.
- Economist Jeremy Siegel expects the Fed to discuss the "endpoint" of rate cuts at its next meeting and says the next employment report will be key.
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