S&P 500 Fund Sees Biggest Single-Day Inflow Ever for an ETF
The SPY raked in nearly $21 billion on Friday as investors continue to hop into the massive stock rally.
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The SPY raked in nearly $21 billion on Friday as investors continue to hop into the massive stock rally.
Some investors, however, believe much of the dovish shift from the Fed may already be reflected in Treasury prices. Deeper cuts, they say, would be more likely if a rapidly slowing economy forced the Fed to accelerate its easing - an outcome that would run counter to the "soft landing" outlook that has buoyed stocks in recent months.
November's CPI rose 3.1% year over year, down from the prior month's 3.2% rate and in line with expectations.
"After all the hopes and chatter around near-term rate cuts, today's CPI report is a little bit of a mood dampener."
"The more markets diverge from the Fed's signals, the more likely they are to push the central bank to adopt the path that is detrimental to them."