NEW RECORD FOR THE S&P 500 — BUT THE REAL STORY IS INFLATION
@DoTrading:
The S&P 500 just hit another record high. And investors are celebrating. But the reason is more interesting than the headline. Inflation is cooling. The Fed is under less pressure to hike. And Wall Street is betting the economy can keep running hot. The question is: How long can this perfect setup last? ANOTHER RECORD FOR THE S&P 500 $S&P 500(.SPX)$ : +0.65% Nasdaq: +0.81% Dow Jones: +0.13% The S&P 500 recorded its 27th record close of the year. And this wasn't just a handful of stocks pushing the index higher. Most S&P 500 sectors finished in positive territory, with technology leading the charge. Chip stocks and software names were particularly strong. The summer rally is alive. $NVIDIA(
