US Markets Wrap: Market is booming amid economic cloud, is a July rate hike still on the cards?

Chartered market technician Jay Woods, Chief Global Strategist at Freedom Capital Markets weighs in on the recent market movements which saw the three major averages- the Dow Jones Industrial Average, the Nasdaq and the S&P 500, all hitting a 52-week high.  Plus, second-quarter earnings season is off to a strong start amid an outlook that has gained traction after last week’s encouraging inflation data. But what can we make of the recent momentum? What will the Fed do at next week's FOMC meeting? Presented by: Willie Keng Producer: Yeo Kai Ting ([email protected])See omnystudio.com/listener for privacy information.