The inventory market is attempting to interrupt its downtrend. That’s an encouraging signal, nevertheless it on no account signifies that the market’s woes are over.
The S&P 500 has gained simply over 3% for the 12 months, although it stays virtually 20% beneath its all-time excessive, protecting it in bear market territory. Spurring the current acquire has been that the speed of inflation got here in decrease than the prior end result. Meaning the Federal Reserve may quickly pause its interest-rate hikes, which are supposed to decrease inflation by decreasing financial demand. As soon as the speed hikes are over, the market can take pleasure in extra certainty on when the underside in financial progress will happen.
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