The S&P 500 closed just below last month’s record high, recapturing nearly all of the 3.9% geopolitically-driven drop that gripped investors in late July and early August. The tech-heavy NASDAQ Composite sits at its highest level in 14 1/2 years.
So much for headlines overnight that read 24 Hour Cease Fire Extended in Gaza!
Market rally on reduced temperatures in global geopolitical hotspots!
Stock are heading higher today after a boring consolidation yesterday as investors shook off geopolitical jitters and an extremely dovish article posted by Reuters about Yellen’s real intentions on raising rates (or hesitance to raise). More on that below.
And no it had nothing to do with my blog entitled Caution is Warranted!