Off To The Races.
Last week was all about Big Wednesday, with pretty limited price movements on any of the other four days. Interest rate cut sentiment has now swung back to more hopeful again, with the futures-driven expected number of interest rate cuts this year moving up from one to two. This was in the same week that the Fed moved its own projection of the number of 2024 cuts lower from three to one. Huh? The S&P 500 posted its seventh weekly gain in the last eight weeks.
As a highly consequential week began on Monday, Wall Street was laser-focused on a potentially massive day on Wednesday with the latest…
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