Subscribe To
The incredible rally in stocks continues
The S&P 500 has extended its gain to 1% and the Nasdaq is now up by 1.6%.
The touted downtrend in the S&P 500 is breaking along with the 4000 level and the index is rising further above the 200-day moving average.
It's tough to contextualize what's happening here. The market is surely pricing in a softer Fed and Waller's comments on Friday are a part of that but it's also pricing in a soft landing and those two things are tough to square.
Overall, my sense is the market is... Read More
Posted: Jan 23 2023, 16:06
Author Name: forexlive
Views: 110670