Closing Bell: Nasdaq surges, Meta’s monster quarter, Digesting the Fed, Hot homebuilders 2/2/23
Closing Bell
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Is the Fed Going to Be Successful?
Investors are betting the fed is going to be successful. We have a disinflationary process underway. I think investors need to see what's under the hood this afternoon. But for right now, it's risk on. You've got the NASDAQ up 20%. That's a bull market. It could be the start here. So are you buying today? Not today. I'm in a way. I'd rather be a little bit late than a little bit. Mike Santoli: From more on the rally in tech and how the market is viewing the fed.
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