Mega-Cap Meltdown Continues As 'Good News' Sends Rate-Cut Hopes Reeling

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Mega-Cap Meltdown Continues As 'Good News' Sends Rate-Cut Hopes Reeling

Mega-Cap Meltdown Continues As 'Good News' Sends Rate-Cut Hopes Reeling KC Fed survey joined yesterday's Regional Fed surveys in the doldrums (as did today's plunge in durable goods orders) but of course, all eyes were sternly focused on Q2 GDP's beat. That 'good news' sparked a hawkish shift lower in rate-cut expectations... Source: Bloomberg The Nasdaq lagged..again.. with Small Caps ripping higher. The S&P ended red again with The Dow clingi…