Fed Chair Powell hints at rate cuts - why Tesla jumped 5% and Opendoor soared 25%
Key Points
- Jerome Powell's Jackson Hole speech sparked market enthusias...
Jerome Powell delivered his Jackson Hole speech today, and watching the market's reaction was like observing caffeine hit a sleep-deprived trader. Tesla shot up 5% to $336.59, Opendoor launched itself 25% higher, and suddenly everyone remembers why they love rate cuts more than free coffee at the office.
The Electric Vehicle Victory Dance
Tesla's 5% jump wasn't just random market enthusiasm - it's basic financial physics. When borrowing costs drop, capital-intensive businesses like electric vehicle manufacturing suddenly look a lot more attractive. Think of it like buying a house: if mor...
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