Fed Rate Cut to Fuel Risk Appetite / Microsoft's Deal Boosts Uranium Outlook
Market Intel Weekly
Fed Rate Cut to Fuel Risk Appetite / Microsoft's Deal Boosts Uranium Outlook
ByFRC Team
Key Highlight
Despite an aggressive 50 bp rate cut from the Fed, the S&P 500 was up only 1.6% last week (up 2.5% in the week prior to last). Metal prices and the US$ were relatively flat last week, having surged in the previous week ahead of the anticipated rate cut.
Typically, rate cuts signal higher risk tolerance, and we anticipate capital will flow from large to small caps.
Shares of a junior gold producer under coverage were up 23% last week.
Our model accurately predicted last week’s increase in Bitcoin prices, so be sure to check out our forecast for this week.
A major nuclear deal by Microsoft (NASDAQ: MSFT) signals that the uranium sector will likely see a substantial increase in investor interest.
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