History shows the stock market isn't in a bubble
The S&P 500 has seen a 31% gain on a price return basis over the last three years, far less than the lead-up to the bubbles in 1987, 1999, and 2021.
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The S&P 500 has seen a 31% gain on a price return basis over the last three years, far less than the lead-up to the bubbles in 1987, 1999, and 2021.
After Jerome Powell's press conference Wednesday, the benchmark index tumbled to end the session 1.6% lower, marking the worst day since September.
After Jerome Powell's press conference Wednesday, the benchmark index tumbled to end the session 1.6% lower, marking the worst day since September.
Markets are expecting multiple rate cuts from the Federal Reserve in 2024.DataTrek Research notes, however, that stocks plunged in 1987 after an aggressive
The infamous 1987 Black Monday saw the S&P 500 drop more than 20% in a single day, and it came after an aggressive move to ease monetary policy.