Powell's Hint: Rate Cut Sparks Market Rally

Stocks surged after Fed Chair Powell hinted at possible September rate cuts, igniting rallies in meme stocks like Opendoor (up 40%) and crypto (Ethereum up 14%, Bitcoin up 4%). Small-caps and crypto-linked stocks also jumped, signaling a broader market rally beyond big tech. Experts are divided on whether this is sustainable or driven by speculation in unprofitable firms, but all eyes are on upcoming earnings and the potential rate cut. Hosted on Acast. See acast.com/privacy for more information.