#sp-500-rally

#sp-500-rally

"I'm in favor of not having any rules against insider trading. I would like all the information out there as soon as it's available. Because look, as a society, we are better off knowing as soon as possible anything that is knowable."

For the 25 major episodes going back to 1950, we typically see a decline in the S&P of around 4%. Now, usually after a month, the S&P tends to recover that entire decline. Then he immediately walked it back. The playbook, he said, does not apply here.

The move reflects a noticeable increase in market caution as investors begin to reprice rising macroeconomic risks. According to data from The Street, around 68% of stocks in the market declined in the latest session, while only about 28% advanced. This suggests that selling pressure was not limited to a few sectors but rather spread across the broader market, reflecting a state of broad risk-off selling.

Under the surface of soaring crude prices is the realization that the likelihood of Fed cuts later this year is quickly dwindling. Oil dominated the session. WTI crude has surged 33% over the past week, and Thursday added another 9.7% as Iran's new Supreme Leader Mojtaba Khamenei vowed to keep the Strait of Hormuz closed.

iShares MSCI EAFE ETF (NYSEARCA:EFA) tracks the MSCI EAFE Index, covering large- and mid-cap equities across developed markets in Europe, Australasia, and the Far East, explicitly excluding the US and Canada. The fund has been running since August 2001, carries $77.8 billion in assets, and charges 32 basis points annually. For a fund of this size and history, that cost is competitive.

The Dow Jones industrial average crossed 50,000 for the first time, as ballooning tech valuations, robust corporate earnings and hopes of lower interest rates drive it to new highs. Chart of the Dow Jones Industrial Average's performance over the past year Leading stock markets on Wall Street came under pressure earlier this week as technology stocks fell amid scrutiny of extraordinary levels of investment into artificial intelligence.

The New York Fed's Survey of Consumer Expectations indicated that one-year inflation expectations rose to 3% in March, with gas price expectations jumping to 9%, the highest since March 2022.