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Podcast: The Dividend Cafe
Episode: The DC Today - Wednesday, January 24, 2024
Description: Today's Post - https://bahnsen.co/48MsRiD
We experienced positive market sentiment throughout the morning until approximately 10:30 AM, driven by better-than-expected PMI data in both services and manufacturing. It’s noteworthy that typically, indications of economic expansion don’t lead to a decline in stocks. However, despite four days of gains on the Dow, the news of improving economic data led to a loss of some early morning momentum. This occurred on a day of relatively uneventful trading as interest rates edged slightly higher.
One key metric closely monitored by the Federal Reserve, The Taylor Rule...