The S&P 500 has hit record levels in the wake of the Fed signal it stands ready to lower interest rates.
By Bloomberg |
By Luke Kawa
‘Buy American’ has never felt this good for investors.
The total return indexes for the S&P 500 Index, U.S. investment-grade corporate bonds, high-yield debt, and sovereign and quasi-sovereign debt have risen to record levels in the wake of the Federal Reserve’s signal it stands ready to lower interest rates for the first time in over a decade.
This is the first time since July 2016, when markets shook off a brief swoon following the results of the Brexit referendum, that all these asset classes have traded at their peaks simultaneously.
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