TSLA - The Fed May Push The S&P 500 Into Correction

2024-03-27 21:45:58 ET

Summary

• The Fed could push the S&P 500 into a correction with any delays in rate cuts.
• The S&P 500 has seen gains of 9.66% year-to-date, on top of gains from 2023.
• The market's significant gains are benefiting short-term investors but pose downside risks.
• The magnificent seven stocks have stalled, and a broader rally is needed to push equities significantly higher.

The S&P 500 has been on a surge since October of last year, driven, in part, by technology gains, mega-cap stocks, and the prospect of the Fed cutting interest rates.

Going into the Fed meeting, the market seemed somewhat skittish because the last two inflation readings were elevated. Some questions surfaced surrounding the Fed's policy and whether they would actually cut rates this year or reduce the number of cuts....

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