What recession?<\/p>\n
Topline: A flurry of good news from trade negotiations, strong company earnings and a widely expected Federal Reserve rate cut have all added extra firepower to the stock market, with the S&P 500 now hitting a new all-time high.<\/p>\n
Surprising fact: The S&P 500 hitting a new all-time high is historically a pretty bullish signal for the U.S. stock market: Over the previous 32 times that the index has done so, the S&P averaged a subsequent gain over the next six months to a year, according to data from Bespoke Investment Group.<\/p>\n
Crucial quote: Optimism is hitting investors from all directions, says Charlie Ripley, senior investment strategist at Allianz Investment Management. We have a supportive Fed who is widely expected to provide additional stimulus to the economy.<\/p>\n
Key background: After the S&P 500 set its previous record high in July, the index took a hit in August amid renewed fears of a recession and global economic slowdown, dropping 1.8%. After struggling in September, the S&P has rebounded strongly in October, despite it being a historically volatile month for the markets.<\/p>\n
S&P 500 returns since August.<\/p>\n
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Read more from the original source: <\/p>\n
S&P 500 Hits Record High, Boosted By Trade Progress And Strong Earnings - Forbes<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" What recession? Topline: A flurry of good news from trade negotiations, strong company earnings and a widely expected Federal Reserve rate cut have all added extra firepower to the stock market, with the S&P 500 now hitting a new all-time high. Surprising fact: The S&P 500 hitting a new all-time high is historically a pretty bullish signal for the U.S. Continue reading