
INVESTORS ANTICIPATE SIX RATE CUTS IN EUROPE, ADP DATA SUPPORTS GOLDILOCKS, UNIT LABOR COSTS FALL
By Nigam Arora & Dr. Natasha Arora To gain an edge, this is what you need to know today. Goldilocks Please click here for a chart of Germany’s DAX futures (DAX_F). Note the following: Germany is the economic engine of Europe. The chart shows a very strong stock rally in Germany. RSI on the chart shows that after the strong rally, stocks have become overbought. The chart shows that technical resistance is ahead. In The Arora Report analysis, consensus is building among investors that the European Central Bank (ECB) will cut rates six times by a quarter point each in 2024. In The Arora