QVMM - S&P 500 Potentially Readies To Alter Course As U.S. Rate Cut Expectations Change
2024-06-17 09:15:00 ET
Summary
- It was a good week for Wall Street's bulls seeking to navigate their way through the random onset of new information in the markets.
- As for the market-moving news the week held, a benign inflation report on Wednesday, 12 June 2024 was perhaps the most important story for investors in the U.S. stock market.
- The latest update of the alternative futures chart shows the trajectory of the S&P 500 running at the low end of the range that would be expected for investors focusing on 2024-Q4 in setting current-day stock prices.
It was a good week for Wall Street's bulls seeking to navigate their way through the random onset of new information in the markets. The index rose 1.6% above where it closed the previous week, closing at 5,431.60 on Friday, 14 June 2024. The index even set new record highs during the week, with 13 June 2024's 5,433.74 closing value now representing the S&P 500's highest close ever....
S&P 500 Potentially Readies To Alter Course As U.S. Rate Cut Expectations Change