ACTV - Stock Rally As Powell Sparks A Buying Frenzy
2024-05-07 07:45:00 ET
Summary
- The latest FOMC meeting caused a stock rally as Jerome Powell turned more “dovish” than expected.
- The reversal of QT means a buyer of Treasury bonds is returning to the market, increasing overall market liquidity.
- While the stock rally last week certainly surprised many, given the weaker-than-expected economic data, there are some reasons to suspect the correction may not be complete just yet.
The latest FOMC meeting caused a stock rally as Jerome Powell turned more “dovish” than expected. While Powell did note that progress on inflation has been lackluster, the announcement of the reversal of “Quantitative Tightening” (QT) excited the bulls....
Stock Rally As Powell Sparks A Buying Frenzy