Fed Chair Powells Comments Spark CrossAsset Rally, Upend 2024 Outlooks Bloomberg Makemetechie.com Summary

Fed Chair Powells Comments Spark CrossAsset Rally, Upend 2024 Outlooks Bloomberg | Makemetechie.com Summary

News Summary

Federal Reserve Chair Jerome Powell shredded their best-laid plans in a matter of minutes this week.Even the most ardent stock and bond bulls were caught off guard by the central bank’s decision to signal the end of its historic monetary-tightening campaign with a dovish 2024 pivot..
The S&P 500 notched its seventh straight week of gains Friday, the longest in six years, as it flirted with a record high..
In the aftermath, the Dow Jones Industrial Average and Nasdaq 100 surged to records, while bonds soared, credit boomed and risky assets around the world rallied..

Wall Street investors and analysts spent months strategizing how to position for 2024. Federal Reserve Chair Jerome Powell shredded their bestlaid plans in a matter of minutes this week.Even the m [+333 chars]

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