Investors are expected to come back into the markets after a Friday sell-off, with the focus on China’s loan prime rates due Monday.
Asia-Pacific markets are set to rebound from Friday's sell-off as investors look to fresh data points out of China, Japan and South Korea this week.
The blue-chip average is the only of the three major indexes poised for gains in Friday's session. It has also seen the smallest loss on a weekly basis. "We can all say at the beginning of the year the market was way optimistic with four or five cuts. Now it's squeezed down to one. And I actually think that we might get two or three cuts by the end of the year," Siegel said, pointing out that Fed Chair Jerome Powell noted that if the economy softens, that is another reason to cut rates unless inflation is out of control.
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