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[Chart courtesy of MarketWatch.com] The markets bounced back from yesterday’s beating and regained most of their ground. Traders are feeling optimistic about the yearend rally and ready to pop the champagne. Almost every stock in the S&P rose, led by Micron Technology, which soared 9% after smashing earnings estimates and raising its outlook. The bulls were also encouraged by weak …

[Chart courtesy of MarketWatch.com] The markets have been soaring to dizzying heights lately, but today they came back down to earth a bit. Some traders decided to take some profits off the table after a long winning streak. This is normal and healthy for a bull market, and it doesn’t mean that the fundamentals have changed. One of the biggest …

[Chart courtesy of MarketWatch.com] The Fed’s dovish statement last week sparked a rally that pushed the S&P 500 close to a record high. Three rate cuts in 2024, cooling inflation, and lower Treasury yields boosted the market mood in this seasonally strong period for stocks. The Fed thinks it has tamed inflation, but it may be in for a rude …

[Chart courtesy of MarketWatch.com] The market kept up its winning streak today, with the S&P and Nasdaq scoring big while the Dow barely budged. The S&P 500 has been on a roll for seven weeks, its longest run since 2017. The index is up more than 3% this month. The Dow and the Nasdaq are also up by more than …

[Chart courtesy of MarketWatch.com] The stock market ended higher today, with the 10-year Treasury yield plunging to 3.92%, its lowest level since August. Investors were cheered by a surprise increase in retail sales, which suggested that the economy would avoid a hard landing in 2024. The bond market seemed to give an assist, as traders priced in more rate cuts …