Market surges as inline CPI and rising jobless claims confirm expectations for swift rate cuts
09122025
Market surges as inline CPI and rising jobless claims confirm expectations for swift rate cuts. The shift toward cyclicals signals optimism, reflecting an early-cycle recovery narrative rather than recession fears. Overbought technicals and elevated valuations position AI infrastructure plays as a funding source during this rotation. We maintain an overweight stance on cyclicals heading into Q4 but beware of a post FOMC pullback.
SPX ATH
NAS100 ATH
Keep reading with a 7-day free trial
Subscribe to Queensbury Global Advisors to keep reading this post and get 7 days of free access to the full post archives.