Reported about 4 hours ago
Wall Street analysts believe that a bull market is on the horizon, spurred by the Federal Reserve's recent quarter-point rate cut, as they project more reductions may come by year-end. Strategists argue that historically, rate cuts have led to further gains in stocks, particularly when the labor market is showing resilience. Although some caution exists about potential volatility and the upcoming earnings season, optimism remains high with increased equity allocations and adjusted S&P 500 targets from major banks, driven by strong earnings and the ongoing AI investment boom.
Source: YAHOO