High-Priced S&P 500 Powers Ahead Untroubled by Political Stress
- Treasury yields, dollar pull back after initial Trump-win bet
- Fed ‘remains dominant factor,’ says Socorro Asset’s Freeman
Add political turmoil to the long list of outside influences that are failing to thwart the 2024 bull market.
Investor resilience was on display again in a week in which high election drama couldn’t keep the S&P 500 from doing what it’s done in nine of the last 11 weeks: go up, this time in all sessions. Even markets that initially lurched on President Joe Biden’s debate travails, such as Treasuries, calmed appreciably as economic data bolstered the case for rate cuts.