Strong Q3 earnings from major banks and robust consumer data support continued S&P 500 gains, despite trade tensions and market volatility.
Chairman Powell's comments signal imminent Fed rate cuts and an end to quantitative tightening, providing further monetary stimulus for risk assets.
Yield curve steepening, driven by falling short-term rates, is a bullish sign distinct from past cycles that ended in recession.
With double-digit earnings growth likely and a resilient consumer, the bull market appears set to continue into next year, favoring buy-the-dip strategies.
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