Wall Street traders are doubling down on a year-end surge in the S&P 500 as the index powers to fresh record highs, seasonality kicks in, and the Federal Reserve prepares for other rate cuts — with some now eyeing a moonshot rally reminiscent of the late 1990s.
The S&P 500, as tracked by the Vanguard S&P 500 ETF (NYSE:VOO), was up for a fourth straight session Tuesday, climbing above new records at 6,880. In October, the broader market is up 2.9% on track to notch its sixth straight month of gains.
