No Real Spark.
Another positive week for stocks mostly came about exclusively because of last Monday’s favorable price action. The indexes then barely moved from Tuesday through Friday on a lack of impactful economic data releases and fewer interesting earnings reports.
Continued improving optimism about the timing and frequency of Fed interest rate cuts in the afterglow of the previous Friday’s Goldilocks Jobs Report drove stocks solidly higher on Monday. This capped the S&P 500’s best three-day run of the year so far and took the index back above its technically-important 50-day moving average.
The…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.