US equities were higher for the week, with the S&P setting a new fresh all-time high on Thursday (its 39th record close of the year) before trimming gains on Friday. After months of anticipation, the Fed this week opened up its long-expected easing cycle with a 50 bps rate cut, matching...
Published 09/20/24
US equities finished lower Wednesday, ending near worst levels in choppy post-FOMC trading, with the Dow Jones, S&P500, and Nasdaq closing down 25bps, 29bps, and 31bps respectively. Monetary policy pivot was the big story today with the Fed opting for a more aggressive 50 bp rate cut. While...
Published 09/18/24