Welcome back to the EQAI Morning Briefing! Here’s a quick look at today’s top market updates:

📈 Treasury Yields are rising as traders expect more aggressive Fed Rate Cuts by year-end, impacting everything from stocks to bonds. 📊

👟 Palantir ($PLTR) officially joins the S&P 500, while Raymond James raises concerns about its stock valuation. Meanwhile, Foot Locker ($FL) is successfully diversifying its brand lineup. 📈👀

🏦 Bank of America ($BAC) is expanding with 40 new branches, defying the rise of digital banking! 📉💻

💻 Microsoft ($MSFT) stock dips after a rare downgrade by D.A. Davidson over valuation worries. 📉

⛽ Oil Prices are climbing again, driven by Fed rate cuts and rising Middle East tensions. ⛽📊

💡 Morgan Stanley’s Mike Wilson warns that defensive stocks are overpriced and suggests a shift to cyclical ones. 🔄

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