[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 …
S&P And Nasdaq Win, Dow Snoozes, Fed Confuses
[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 …
ETF Tracker Newsletter For December 15, 2023
ETF Tracker StatSheet You can view the latest version here. HOW LONG CAN THE MARKET DEFY GRAVITY? S&P AND RUSSELL HIT EXTREME LEVELS [Chart courtesy of MarketWatch.com] It was a wild ride for the market, but the bulls managed to win the day and keep the Santa Claus rally going. However, it was not smooth sailing. The market had …
How The Fed Surrendered To Inflation And Boosted The Stock Market
[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 …
Fed Delivers Early Christmas Present To Markets, Signals Three Rate Cuts In 2024
[Chart courtesy of MarketWatch.com] The Fed gave the markets a big gift by signaling that it will slash rates more than expected next year. The central bank kept the key interest rate unchanged for now, but projected three cuts in 2024, as inflation has cooled down from its recent highs. This was music to the ears of investors, who have …
Wall Street Rises Ahead Of Fed Decision, Shrugs Off Inflation Data
[Chart courtesy of MarketWatch.com] Wall Street shrugged off another inflation report and pushed the major indexes higher, after a sluggish start. Traders are waiting for the Fed’s decision on monetary policy, which could affect the pace of the economic recovery. The consumer price index, which measures the cost of living, rose 3.1% from a year ago and 0.1% from October. …