The S & P 500 rose 0.9% last week, capping a six-week advance. That also marks the benchmark's longest weekly winning streak since late 2023. The recent rally comes as the current bull market turned two years old. Since a closing low reached Oct. 12, 2022, the broad market index has soared nearly 64%. Canaccord Genuity analyst Michael Welch thinks more gains could lie ahead. .
" Indeed, the Federal Reserve is expected to cut rates two more times before year-end, according to the CME Group's FedWatch tool. Those reductions are expected to be smaller than the jumbo sized half-point rate reduction seen in September. The latest market run also comes as investors pore through third-quarter results. So far, about 70 S & P 500 companies have posted earnings, with 75% of those exceeding expectations, per FactSet.
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