Kevin Hassett’s push for deeper rate cuts comes as he emerges as the leading contender to replace Jerome Powell, with markets bracing for a more dovish Fed.
After Friday’s first signs of fatigue, Monday’s session brought another day of weak participation while the major U.S. indices hovered near record highs. Short- and medium-term breadth ticked lower again, but the majority of stocks still trade above key moving averages and new lows remain limited. The current breadth trend remains neutral with a slight positive bias, but the cushion is getting thinner.
The muted action reflects a broader sense of indecision across markets, with traders weighing the central bank’s interest-rate path against the latest geopolitical and trade uncertainties.
The President warned that AI will be destroyed in its infancy if each state had its own process for setting AI rules and approving applications from companies.
U.S. indices finished the week parked right under resistance with only a mild negative breadth day on Friday. Under the surface, participation remains broad and trend metrics are still strong, but the post-selloff rebound is clearly shifting from “surge” to “digestion,” especially in small caps.
Moving averages are calculated by combining price points of an instrument over a specified time frame and dividing by the number of data points to obtain a single trend line.
