The S&P capped its biggest 8-day percentage gain in almost four years yesterday—rising more than 7%. The catalyst for yesterday’s gains was the minutes of the latest Federal Reserve meeting. Investors decided the meeting minutes were dovish (they weren’t, they were neutral at best) and bid up shares in a fast and furious late day rally.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- A $35k House that Makes its Own Water, Grows Food, and Is Energy Self-Sufficient. - August 15, 2018
- Remember the BRICs - August 14, 2018
- Common Social Security Myths Debunked - August 13, 2018