Market Overview
The Fed cut rates, and stocks, which were already in an uptrend as extensively noted here, accelerated to new all-time highs. We continue to see technology leading to the upside, which confirms the risk-on environment. The Nasdaq led the rally higher last week, closing up 2.21%. The S&P 500 followed, closing up 1.22%, while the Dow Jones Industrial Average rallied 1.05%. There are still strong opportunities coming from China, which is set to benefit from dollar weakness and lower rates.
