Wall Street stocks edged up Monday as investors assessed the Fed's path and a possible government shutdown.
The market is currently in a compelling state, likened to a tightly stretched rubber band with equal pressure from both sides, despite consumer discretionary stocks (XLY) having achieved gains of over 20% since the beginning of the year. This was discussed on Monday by Seana Smith and Brad Smith, who invited Dylan Ratigan, host of TastyTrade's Truth or Skepticism, to join them.
Pablo Hernandez de Cos, a member of the European Central Bank's (ECB) Governing Council, stated on Monday that keeping current borrowing costs stable could help Euro-area inflation align with the ECB's 2% target. This strategy is designed to strike a balance between avoiding insufficient tightening, which may obstruct reaching the inflation goal, and excessive tightening that could potentially harm economic activity and employment.