Since October 27, the S&P 500 has rallied 24.7%.
It is an unbelievable achievement because the world’s largest inventory market (by far) will increase its worth by one quarter. Nvidia alone was 33% of the acquire, however that’s another story.
What stands out about this rally for me is the stability of it. There’s hardly a down day and when there’s, it is modest and that is regardless of the market pricing out round 80 bps in cuts for this yr. It is a really astonishing rally and we’re solely simply getting into a strong seasonal period.
This text was written by Adam Button at www.forexlive.com.
