Welcome to the afterglow of Fed Euphoria. We’re continuing yesterday’s massive upward trend kicked off by Jerome Powell’s comments that he may cut rates up to three times next year.
We’re not heading back to the wild free-money days of the 2010s and COVID-era, but investors now at least have a plan for when we’ll be able to declare victory over inflation.
Of course, we might not stick to this plan and one over-hot CPI report can ruin this whole party—but let’s take the year-end rally while we have it.
Besides our gorgeous low-rate future, there’s a lot of impactful news hitting the market right now, so let’s stay grounded and check out the headlines that are going to have the most play throughout the trading day.