Investor sentiment has wobbled recently, but there’s still room for debate on whether the appetite for risk has peaked for this market cycle. Using a set of ETF pairs to gauge conditions shows that the strongest case for optimism resides in a global asset allocation framework. A more granular view of markets, however, paints a mixed picture, based on prices through Wednesday’s close (Oct. 9).
Daily Archives: October 10, 2024
Macro Briefing: 10 October 2024
More than 3 million residents are without power in Florida as Hurricane Milton moves across the state, leaving a path of destruction. The storm is expected to move off the state’s East Coast into the Atlantic Ocean later today.
US stocks rallied to a new record high on Wednesday, based on the S&P 500 Index. “The stock market is reaching new heights even as assets in money market mutual funds rose to a record $6.5 trillion during the October 2 week,” observe analysts at Yardeni.com. “That’s quite remarkable. Imagine the meltup in stock prices if the Fed continues to lower interest rates.”
