Long-term rates are driven by inflation expectations, and those are coming down as inflation abates, says Kathy Jones. She and Randy Frederick recap the market as stocks rally after the FOMC announcement. They talk about how the Fed's 25 BPS rate hike was unanimous. Randy notes that the SPX will hit a "golden cross" (50/200 day SMA cross) on or around next Monday. They then preview the earnings calendar for Thursday highlighting Conocophillips (COP), Honeywell (HON), Apple (AAPL), and Alphabet (GOOGL). Tune in to find out more about the stock market today.
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