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A trader works, as a screen broadcasts a news conference by Federal Reserve Chair Jerome Powell following the Fed rate announcement on the floor of the New York Stock Exchange on June 12, 2024. Stock futures were flat in overnight trading Tuesday as Wall Street anticipated a long-awaited rate cut from the Federal Reserve following an aggressive multiyear hiking campaign aimed at tamping down hot inflation. Futures tied to the Dow Jones Industrial Average added 28 points, while S&P 500 futures hovered near the flatline. Investors remain on high alert ahead of the first expected rate cut from the Fed at the conclusion of its two-day policy meeting Wednesday. CME Group's FedWatch Tool shows traders pricing in a 63% chance of a 50 basis point cut, and 37% odds of a 25 basis point move.
Persons: Jerome Powell, Peter Cecchini, Axonic, CNBC's Organizations: Federal, New York Stock Exchange, Stock, Federal Reserve, Dow Jones, Nasdaq, Dow Jones Industrial, Fed
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe narrative for 2024 hasn't changed, says Axonic's Peter CecchiniPeter Cecchini, Axonic director of research, joins 'Closing Bell' to discuss the trading day and his market outlook.
Persons: hasn't, Axonic's Peter Cecchini Peter Cecchini
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with NB's Shannon Saccocia, Requisite’s Bryn Talkington and Axonic Capital’s Peter CecchiniNB Private Wealth's Shannon Saccocia, Requisite's Bryn Talkington and Axonic Capital's Peter Cecchini join 'Closing Bell' to discuss the bull rally and sentiment and being cautious in the market.
Persons: NB's Shannon Saccocia, Requisite’s Bryn, Axonic, Peter Cecchini, Wealth's Shannon Saccocia, Requisite's Bryn
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSlowing growth and higher rates could lead to stock pullback, says Ayako YoshiokaAyako Yoshioka, senior portfolio manager at Wealth Enhancement Group, and Peter Cecchini, director of research at Axonic, join 'Power Lunch' to discuss the latest jobs data, expectations for a continued slowdown in the labor market, and investment opportunities in fixed income.
Persons: Ayako, Yoshioka, Peter Cecchini
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSafety in big tech is a sign of fragility, says Axonic's Peter CecchiniPeter Cecchini, Axonic Capital, joins 'Closing Bell' to discuss the biggest challenges to the markets.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDislocations provide an opportunity for investors in regional banks: Axonic's Peter CecchiniPeter Cecchini from Axonic joins 'Closing Bell Overtime' to discuss today's top sectors, the real estate market, and investment opportunities in regional banks.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Virtus' Joe Terranova, Wealth Enhancement’s Nicole Webb and Axonic’s Peter CecchiniVirtus' Joe Terranova, Wealth Enhancement’s Nicole Webb and Axonic’s Peter Cecchini join 'Closing Bell: Overtime' to discuss Fed Chair Powell's remarks and how the markets reacted.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full post-market discussion with Ritholtz's Josh Brown, Axonic’s Peter Cecchini and Ameriprise Financial’s Kimberlee OrthRitholtz's Josh Brown, Axonic’s Peter Cecchini and Ameriprise Financial’s Kimberlee Orth, join 'Closing Bell: Overtime' to discuss stocks closing at a weekly low unseen since September and their market outlooks for 2023.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full post-market discussion with Ritholtz's Josh Brown, John Hancock’s Emily Roland and Axonic’s Peter CecchiniRitholtz's Josh Brown, John Hancock’s Emily Roland and Axonic’s Peter Cecchini, join 'Closing Bell: Overtime' to discuss NVIDIA ahead of its earnings, retail and crypto stocks.
Rich Fury/GettyDear Readers,A strange dynamic is afoot in the stock market. The institutional heavyweights on Wall Street are being beaten at their own game by upstart day-traders and retail investors — and it's not been particularly close. Peter Cecchini, the former global chief market strategist at Cantor Fitzgerald, also recently weighed in on the retail-investor phenomenon. Put simply, Main Street is putting Wall Street to shame since late March. — Peter Cecchini, former global chief market strategist at Cantor Fitzgerald, commenting on Barstool Sports founder Dave Portnoy's irreverent day-trading exploits
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