Forget Rate Cuts. Bad News Could Finally Be Bad for Stocks.
1. Labor market shows weakness with highest jobless claims in four years. 2. Inflation data aligns with forecasts, easing concerns about rising prices. 3. Federal Reserve may initiate interest rate cuts, influencing economic outlook. 4. GDP growth remains stable at 3.1%, supporting stock market optimism. 5. Wall Street predicts a 7% rise in S&P 500 by year-end.