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Global market sentiment was a mixed bag last week. On Wall Street, the Dow Jones plummeted 2.38% as the tech-heavy Nasdaq 100 soared 1.27%. Things looked worse across the Atlantic Ocean, the DAX 40 and FTSE 100 fell -0.35% and -0.94%, respectively. Markets were rosier in the Asia-Pacific region. The Nikkei 225 and Hang Seng Index rose 1.66% and 1.41%, respectively.
A rally in the tech sector helped boost market sentiment on Friday as Google’s parent company Alphabet announced the most layoffs on record. Meanwhile, markets enjoyed comments from Fed officials that hinted towards a moderation in tightening. Fed Funds Futures continue pointing to rate cuts later this year, putting markets on a divergent path from central bank projections.
An example of what can happen when this occurs was seen by the Bank of Japan this past week. The BoJ…
