More Money Market Substitutes Taking Shape

Published on November 7, 2024

Investors have been married to their money market funds for the better part of the last two years.

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Late Tech Losses Sink October Equity Market Gains

November 7, 2024
Better than expected economic data drove interest rates higher, changing the market narrative and contributing to an equity market pullback early in the month. This unraveled expectations of further rate cuts by the Federal Reserve (Fed) and resulted in real rates moving higher. The 10-year Treasury has moved up 48 basis points, ending the month at 4.27%.

The Pictures Say It All

November 7, 2024
Dow Jones (publisher of The Wall Street Journal) announced that Nvidia (NVDA) will replace Intel (INTC) in the Dow Jones Industrial Average. Intel was brought in to replace Union Carbide four months and nine days before the peak in Intel’s stock price. Union Carbide became Dow Chemical via merger.