Exuberance sees Dow pass 40k mark
Friday 17th May 2024
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Even though equities fell form their record highs of yesterday, that wasn\u2019t until after the Dow passed the 40k mark for the first time ever. JBWere\u2019s Sally Auld is surprised at the confidence in US equity markets, particularly as data is showing more signs of softness and Fed speakers continue to talk about waiting longer for cuts. JPMorgan\u2019s James Dimon also expressed concerns about the inflationary impact of the rising US deficit. There\u2019s also discussion about yesterday\u2019s Australian employment numbers, which saw the unemployment rate rise more than expected.
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