Reported 6 months ago
The article discusses how the typical summer slowdown in the U.S. stock markets may be more significant this year due to inflation concerns and an early presidential debate, potentially affecting the recent rally that has driven the S&P 500 close to record highs. The S&P 500's 12% increase this year might not continue as summer historically sees lower stock market activity, and uncertainties around rate cuts and the upcoming presidential election could contribute to market choppiness. Inflation data will play a vital role in determining market direction, especially in relation to Treasury bond yields, with upcoming reports expected to impact Fed rate cut expectations. Moreover, the tight race between President Joe Biden and former President Donald Trump adds to the market uncertainties, with the potential for a pullback as investors assess the election's outcome and policy implications.
Source: YAHOO