To The Moon

Following the Fed's moves, the People's Bank of China has jumped on the easing bandwagon too. Last week, U.S. markets showed strong technical demand, while this week, there's a huge bullish appetite in China and emerging markets.Over in the U.S., the $S&P 500(.SPX)$ hit a new high last Thursday, and there's an initial rotation back into tech stocks. However, small caps have struggled since the Fed's rate cut. $S&P 500(.SPX)$Looking ahead, Goldman Sachs' chief trader and hedge fund research head, Tony Pasquariello, sums up investors’ dilemma: to chase the rally or not to chase?Pasquariello remains confident that the overall trend is upward, even though much of it is already priced in. There are two

Last Week's RecapThe US Market - The Dow set a record highThe blue-chip Dow climbed to a fresh record on Friday as a subdued inflation report stoked hopes for more Federal Reserve rate cuts, which also boosted the major averages to post weekly gains.The broad index is tracking to add more than 1% in September. That would mark its eighth positive month of 2024, with all besides April bringing gains.The Fed's favored inflation gauge showed core inflation ticking up to 2.7% from 2.6%, but the six-month annualized rate eased to 2.4% from 2.6%. The 3-month rate is just 2.1%. After the inflation data, odds of a 50-basis-point rate cut on Nov. 7 edged above 50%.Further, new weekly claims for jobless benefits fell to 218,000, the lowest since May, indicating a strong labor market, while the final