A Sugar High?: Nasdaq Hits Record High on Rate Cut Hopes, But Is the Rally Built on Shaky Ground?
Breaking down the AI frenzy, rate cut bets, and the quantitative anomalies in Opendoor, QuantumScape, and Robinhood.
Stocks climbed higher today, with the Nasdaq closing at a record high. For investors, the message is clear: the market is running on hopes of a Fed policy rate cut this month and tech momentum, but underlying economic risks are growing. All eyes are now on the upcoming inflation report.
What’s Hot and What’s Not:
Amped on AI: Tech stocks, especially in AI…