The Burden Of Proof.
Stocks had another terrific week, boosted by the interest rate cut-friendly tone of the Federal Reserve and its Chair Jerome Powell on Wednesday. The S&P 500 moved higher for the seventh consecutive week, something it hasn’t done since 2017. The NASDAQ-100 ended the week at a new all-time record high, something that would have seemed unthinkable just a year ago at the end of a catastrophic 2022. The best performing stocks last week, however, were the Small Caps.
Monday saw stocks move higher to further new 2023 highs, with the generic all-encompassing indexes like the S&P 500 following…
The skinny
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