The stock market is in its longest stretch without a 2% sell-off since the financial crisis
Publishing timestamp: 2024-06-21 13:46:04
Summary
The S&P 500 has gone 377 days without a significant sell-off, the longest stretch since the financial crisis. Investors are piling into tech stocks like Nvidia, expecting artificial intelligence to boost profits. The low volatility period is attributed to expectations of Federal Reserve rate cuts and receding inflation. Goldman has raised its S&P 500 year-end forecast.
Sentiment: NEUTRAL
Keywords: wall street, stock markets, cboe volatility index, business news, breaking news: markets, investment strategy, s&p 500 index, wisdomtree s&p 500 vix short-term futures 2.25x daily leveraged, markets,