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Friendly reminder that markets are always wrong about future Fed funds rate.
Source: Michel A.Arouet
BREAKING: The S&P 500 has just hit its 23rd all time high this year and is now up 29% since October 2023
This means that the S&P 500 has officially added $10 TRILLION in market cap since its October 2023 low. The index is now up 11.5% in 2024 even as a total of four interest rate cuts have been priced-out since January. We are on track to see the most all time highs in a year since 2021. Over the last 12 years, the S&P 500 has hit 370 all-time highs, which is more than any 12-year period in history. $SPX Source: Charlie Bilello, The Kobeissi Letter
Copper jumps to highest price since April 2022 👀
Source: Barchart
Gamestop $GME is up 110% because Roaring Kitty posted a meme after 3 years of silence. So is this garbage???
Source: Geiger Capital
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