Can the S&P 500 Break Its September Slump? A Look at the Bullish Rally and What’s Next for the Market
After the Fed announced the first rate cut, the market has been rallying to new all-time highs. And why wouldn’t it? The GDP report was in line with expectations, unemployment claims came under expectations, and Fed Chairman, Jerome Powell, said he is dedicated to keeping the US Treasury market – the deepest and most liquid in the world – functioning at a high level.
The bullishness has pushed the S&P 500 to be on pace to do something it hasn’t done in the last four years. It might close September in the green, but how long can this rally last?
