After a terrible May, stocks had their second-best day of the year on Tuesday after Federal Reserve chairman Jerome Powell signalled a more dovish tone on rates and Republicans came out against President Trump's threatened Mexican tariffs.
Escalating trade tensions with China and Mexico continue to hang over the market, and an inverted yield curve has worried investors that a recession could be on the horizon. But stocks have reversed this week. On Tuesday, the market turned in its second-best day of the year with more dovish signals from the Federal Reserve. The market began trading in the green again on Wednesday, but gains narrowed.
I guess you forgot already how the Fed is hinting they will be cutting rates.
Hope springs eternal for a bad economy. Some say a seance to bring back stagflation is their best chance. Morgan Stanley has offered to be the lead.