Market Overview
Stocks finished up across the board, and rallied to new all-time highs with the Nasdaq leading the way. The tech-heavy index finished 2.31% higher, while the Dow Jones Industrial Average followed by closing up 2.20%. The S&P 500 closed 1.92% higher. We finally got a pullback in metals and it looks like the market is going through a profound rotation from high-beta speculative names into high-quality growth names. The rotation is healthy rather than sign of defense precautions being taken. Crypto is trying to hammer out a low before the rate cut this week, which could send risk appetite soaring again.
