S&P 500 Forecast: Has the Market Finally Bought What the Fed Was Selling?
2021-04-15 20:35:00
Peter Hanks,
Strategist
S&P 500 Price Outlook:
The S&P 500 waded deeper into record territory this week as the country’s largest banks offered an encouraging read on the US economy and corporate earnings outlook
Falling yields could open the door to further price gains for US equities, gold and silver
S&P 500 Forecast: Has the Market Finally Bought What the Fed Was Selling?
The S&P 500, Nasdaq 100 and Dow Jones pushed deeper into record territory this week as strong bank earnings fed into an already encouraging fundamental backdrop. Alongside a strong start to earnings season, price action reveals investors may have finally bought into the Fed’s agenda as Treasury yields took a drastic turn lower and the US10Y yield suffered its largest daily decline since late February despite strong economic data.