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S&P 500 win streak, recession chatter: Market Takeaways

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Winning Streak News

Federal Reserve,S&P 500

The S&P 500 (^GSPC) is currently on its longest winning streak since November of 2023, with the index nearing its last all-time high seen in July of this...

since November of 2023, with the index nearing its last all-time high seen in July of this year. This renewed confidence is thanks in part to a recent slew of positive economic data that has been nudging the Federal Reserve toward cutting interest rates in September. That confidence can be seen inStocks closing higher across the board to kick off the week.

You have tech leading, you have consumer discretionary leading, which is also one of the sectors that has a lot of tech names in it, right?And then what happens to the 493 or are we gonna get the rotation that we've been talking about with some of the other sectors playing? A lot of times remember this is a speech where Chair Powell uses it to explain other things, things happening in the economy.Does he just hone in on the action or is he sort of happy with now.Maybe he doesn't need to come out and give a panic speech and maybe things can be ok.

Citizens Financial Group to Participate at the Barclays 22nd Annual Global Financial Services Conference

 

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