Wall Street loves the big rate cut… it just needed a day to think about it

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Wall Street loves the big rate cut… it just needed a day to think about it

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for stocks ******** generally constructive,” wrote Tom Essaye of The Sevens Report. “Markets exist, for the near term, in an environment of 1) Easing Fed, 2) Slowing but “OK” economic data, 3) Generally solid earnings and 4) Positive momentum.” “As such, a continued grind higher in stocks over the near term shouldn’t be a surprise, even if that does stretch the absolute bounds of reasonable valuations,” he added. Elsewhere on Wall Street this morning , BTIG upgraded DoorDash to buy form neutral. “DASH has been on our radar for a while given a positive category bias, consistently strong ********** and steady upward pressure on estimates,” analyst Jake Fuller said.

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#Wall #Street #loves #big #rate #cut.. #needed #day

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