Tag: DJIA

(17 December 2023)  US stocks rallied again last week as the Fed Chair Jerome Powell delivered a long-awaited pivot towards cutting interest rates.  The S&P 500 gained more than 2% on the week to 4719 while the Nasdaq-100 added 3% to 16,623.  This bullish outcome was unexpected as I thought we might have seen more weakness around the Fed decision and the Mercury retrograde.  While I noted this Mercury retrograde station didn’t look particularly bearish, I nonetheless failed to forecast the rally. With investors cheering the prospect for rate cuts...