For all the bullish milestones notched by November’s big market surge, recent history offers Wall Street a lesson in caution.
Time and time again, speculation breaks out that the Federal Reserve is poised to ease monetary policy soon enough — spurring even cautious investors to erupt in a spasm of cross-asset buying. Stocks jump, bond yields fall, and a dash ensues among equity speculators into shady corners encompassing everything from meme fliers to crypto and profitless tech.
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December 02, 2023 at 04:47AM
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Wall Street Bets on Soft Landing Again in Best Month Since 2008 - Bloomberg
"soft" - Google News
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