Musk Pay Package Vote, Fed Rate Cut Odds, and Markets in Rally Mode 6/13/24

Tesla shareholders will get a second chance to vote for or against CEO Elon Musk’s $56 billion pay package today. New York City Comptroller Brad Lander explains why he’s voting against it. Plus, the Fed is leaving rates unchanged and signaling of only one rate cut this year. Interactive Brokers’ Steve Sosnick explains. And, the S&P 500 and Nasdaq are in rally mode once again. Principal Asset Management’s Seema Shah and Pivotal Advisors’ Tiffany McGhee discuss.

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