-- Stocks in Asia are set for a mixed open after a rally in big tech saw the S&P 500 notch up its longest streak of gains in two years, with investors shrugging off the latest attempts from Federal Reserve speakers to tone down Wall Street’s optimism.Trump's Wealth Has Jumped $500 Million Since He Left the White HouseTrump Testimony Called a ‘Broken Record’ by Judge: Trial Update
Global equities are poised for a double-digit rally in 2024 if the Fed pivots its monetary policy and allows the economy to avoid a recession, according to HSBC Holdings Plc strategists. The S&P 500 rose in price an average 13% in the nine months after the last rate hike in the past three decades, said Sam Stovall, chief investment strategist at CFRA and author of “The Seven Rules of Wall Street.
Fed Governor Christopher Waller called the run-up in yields an “earthquake” for the bond market, while Governor Michelle Bowman said it was too soon for officials to know what the full effects of the recent rise will be. 'The stupidest investment I ever saw': Charlie Munger trashes 2 popular investment trends — here's what Warren Buffett's business partner prefers instead
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