The period is expected to be the second-strongest quarter in the last 25 years, according to CFRA Research's Sam Stovall.
"We're reminded of the old market saying, 'buy the rumour, sell the news,'" DataTrek said in a note."The first bit is happening right now. We will shortly see how the second part plays out." Federal Reserve boss Jerome Powell is to deliver a policy report to US lawmakers this week, which will be closely watched for clues on the central bank's timeframe for shifting from a highly stimulative monetary policy.
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