As economy reverses, expect 3 rate cuts this year: Strategist

Several Federal Reserve leaders offered commentary this week, suggesting that the central bank will remain patient before cutting interest rates. The debate as to when the Fed will cut rates continues, as

Let's bring in Dan S Kelly managing director at Morgan Stanley Wealth Management, Dan, it is good to see you.Jet the Dow here on track for its eighth winning session in a row.So what we would say is the sell off that we saw since uh late March uh was really more of an adjustment selloff, right? So the likelihood that NVIDIA is gonna at least meet if not, maybe even again, exceed expectations has been rising.You've seen utility nuclear and gas plays start to see bi big earnings revisions because all of the big tech platforms are spending on data center infrastructure.

We're seeing that also just in what we call the Fortune 100 the companies that are well capitalized quality names frankly across uh a host of industries, whether it be manufacturers, healthcare, financials. As we talked about the potential M and A and deal flow versus domestic vacation spend, which was a completely kind of reopening revenge travel.

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