Investors are optimistic about a potential half-point cut in interest rates, spurring a stock market rally that has pushed indices close to record highs.
The gains in the stock market have been driven predominantly by sectors like real estate and utilities, which benefit most from lower interest rates.
While expectations for a Fed rate cut are high, there is caution among investors about the implications of such cuts on the economy.
The current rally in the S&P 500 reflects a significant shift in investor sentiment, now leaning towards aggressive monetary easing from the Fed.
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