"Optimism about the U.S. economy sends stocks to a new record"
"Stocks are on a record-setting run.
For the first time in history, the S&P 500, the broad-based U.S. index
of the largest and best-known companies in the world, is above 5,000.
The S&P 500 opened over the milestone mark at the opening bell on
Friday. This comes a day after it touched the level for a brief moment
before settling lower.
"Investors are feeling optimistic that we have sidestepped a
recession," says Sam Stovall, the chief investment strategist at the financial research firm CFRA.
The latest economic data seem to indicate the Federal Reserve is getting close to executing a so-called "soft landing" for the U.S. economy.
That's despite widespread fears of a recession last year, when the Fed
raised interest rates aggressively to fight high inflation.
The S&P 500 is up more than 5% so far this year, on the heels of a
strong year when the index gained 24%."
https://www.npr.org/2024/02/09/1230086474/stocks-sp-record-5000-wall- street-new-high-economy
I miss the good ol' days, when our jive ass troll was ecstatic
about poor people getting free food.
TB
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