The First Slice for Wednesday, December 20, 2023

The First Slice for Wednesday, December 20, 2023

The First Slice for Wednesday, December 20, 2023

The U.S. stock market continues to climb, with the S&P 500 index on the cusp of reaching a new record high. Investors are in high spirits, anticipating possible Federal Reserve interest rate cuts next year and observing the steady performance of the economy. The Dow Jones has already achieved record closes recently, and now the S&P 500 is just under 1% away from its previous record. This benchmark closed at a record 4,796.56 on January 3, 2022.

Investors are encouraged by the prospect of the Federal Reserve beginning to reduce interest rates by spring next year, and positive signs in the economy are contributing to this optimism. Richmond Fed President Thomas Barkin mentioned “good progress” in the fight against inflation, although he also emphasized that it’s too early to provide specific details about interest rate cuts. Despite some Fed officials expressing reservations about lowering borrowing costs in the near term, equity investors remain upbeat for now.

The housing market is also in focus, with November housing starts showing a robust 14.8% increase, the highest reading since May, while building permits fell 2.5% in November. This performance suggests that investors are juggling two trading themes: the expectation of rate cuts driving stocks higher and confidence in a strong economy.

As we look ahead, the question on many minds is whether the S&P 500 will indeed reach a new record high. The chances seem favorable, but the timing remains uncertain. This optimism is echoed by global fund managers who hold a positive view of the stock market, reminiscent of the market’s state in January 2022 when the S&P 500 achieved its previous record close……….First-Slice-e1700879991202 The First Slice for Wednesday, December 20, 2023[read more]

0 0 votes
Article Rating
stone-street-coffee-logo The First Slice for Wednesday, December 20, 2023 ☕️ **Discover Stone Street Coffee Company – Your Coffee Haven!** Today’s Dough readers, if you’re on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today’s Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street’s commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

Subscribe
Notify of
52c3e1d514a4c014d168364a060fe854?s=56&d=mm&r=g The First Slice for Wednesday, December 20, 2023

0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Share this content:

0 0 votes
Article Rating
stonestreetcoffee.com ☕️ **Discover Stone Street Coffee Company - Your Coffee Haven!** Today's Dough readers, if you're on the hunt for exceptional coffee and cold brew, look no further than Stone Street Coffee Company. We at Today's Dough are smitten with their rich coffee blends and refreshing Cold Brew. Stone Street's commitment to quality shines through in every sip. Now, exclusively for our readers, click the banner above to snag a $5 off coupon on your next order. Experience the finest, ethically sourced beans roasted to perfection. Join the Stone Street community, savor top-notch coffee, and elevate your daily brew. ☕️🌟

Subscribe
Notify of
guest

0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x
×