The Market Is Trying To Sniff Out Peak Fed Funds Rate

Today's economic data is supportive of our "up in quality" view, says Cooper Howard. He and Kevin Gordon give an overview of the markets today. Cooper notes that the market is trying to sniff out peak Fed funds rate with estimates at roughly 5%. They also go over the S&P 500 sector leaders which include utilities and consumer staples. They then note the S&P 500 stock losers of the day which include NRG Energy (NRG), Enphase Energy (ENPH), Paramount Global (PARA), Meta Platforms (META), and Match Group (MTCH). Tune in to find out more about the stock market today.