Reported about 2 hours ago
U.S. stocks hit new all-time highs on Thursday after the Federal Reserve's recent interest rate cut. Market strategists describe this period as a 'honeymoon' phase, where favorable conditions from the rate cut lead to optimism among investors, despite underlying concerns about a weakening labor market. The response in the equity and bond markets suggests a cautiously bullish outlook, with selective market reactions favoring risk assets.
Source: YAHOO