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Earnings Buoy Indexes as Rare Earths Rhetoric Heats Up
Major averages continue to trade near all-time highs, with the S&P 500 ( SPY ) hitting a new record on October 8. The drivers behind the sustained rally have been twofold: the ongoing AI boom has fueled gains across the supply chain, while expectations that the Fed will cut interest rates in October have reinforced its momentum. Currently, 97% of traders expect a rate cut at the October FOMC meeting....