📈   Chasing Goldilocks

Finance

U.S. equity markets rallied this week while benchmark interest rates remained near the lows of the year after a critical slate of inflation data showed further signs of cooling price pressures in July, clearing the major hurdles for the Federal Reserve to begin cutting interest rates next month. Posting gains for a second week following a three-week skid in late July, the S&P 500 rallied 3.9% this week, lifting the major benchmark to back within 2% of recent record-highs. Continuing to lead the rebound after dipping into "correction territory" in early August, the tech-heavy Nasdaq 100 surged 5.4% this week, extending its gains from the August 8th bottom to nearly 10%.

seekingalpha.com     Aug 18, 2024