Market Commentary: S&P 500 Makes New All-Time High as Fed Goes Big
Carson Wealth
SEPTEMBER 23, 2024
on Thursday after the rate cut, so this might be early, but it is most definitely off to a nice start. In other words, the large cut was about risk management, with the Fed looking to get ahead of deteriorating labor market data. There’s an old saying not to fight the Fed and this is what they mean. The S&P 500 jumped 1.7%
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