Hey guys, what's up? Just wanted to share some recent news about the State of the Union speech that's happening tonight and the latest market updates. Former Senator Byron Dorgan talked about what President Biden is expected to address in the speech, including economic uncertainties, calls for bipartisan unity, and international relations tied to the recent Chinese spy balloon incident.
Also, the stock market has seen some changes this morning with the S&P 500 dipping 0.4%, the Dow Jones Industrial Average edging down 0.4%, and the Nasdaq declining 0.6%. Some stocks have risen, such as Microsoft and CVS Health, while others, like Chipotle, have fallen.
What do you all think about Federal Reserve Chair Jerome Powell's embrace of “disinflation” and its impact on the market? Do you think his approach will continue to benefit the market or will policy rates change in the future?
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