QVMM - Economic And Inflation Information Create Market Jubilation
2024-07-02 09:25:00 ET
Summary
- The S&P 500 index surged +3.5% for the month.
- Despite the looming presidential election this November and the recent debate, the stock market has continued on a +56% bull market tear since the October 2023-low, eight months ago.
- The job and inflation stories are staying consistent with the “soft landing” plot line.
- Investors are currently comfortable in forecasting one interest rate cut over the next six months, and three and a half interest rate cuts over the next 12 months.
Ever since the Federal Reserve went on a crusade to increase interest rates and slow the progression of inflation at the beginning of 2022, investors have been cheering for a Goldilocks-type of economic “soft landing.” Last month, this narrative remained intact....
Economic And Inflation Information Create Market Jubilation