Whether or not the Fed cuts rates is not the right question 🔪
Plus a charted review of the macro crosscurrents
By SAM RO, CFA
Stocks made new record highs, with the S&P 500 reaching a closing high of 4,894.16 on Thursday and an intraday high of 4,906.69 on Friday. For the week, the S&P rose 1.1% to close at 4,890.97. The index is now up 2.5% year to date and up 36.7% from its October 12, 2022 closing low of 3,577.03.
One of the hottest debates in the markets right now is if and when the Federal Reserve will pivot from its very hawkish stance and start cutting interest rates.