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Stocks Are Suddenly Up—And FOMO Is Back.
- Source :
-
Wall Street Journal (Online) . 11/13/2023, pN.PAG-N.PAG. 1p. - Publication Year :
- 2023
-
Abstract
- Investors are becoming more optimistic about the stock market and are anticipating a year-end rally. The S&P 500 has experienced a rapid rebound, with gains in nine out of the past ten sessions and a 7.2% increase over the past two weeks. Many investors are adjusting their positions, investing in funds tracking U.S. stocks and reducing bearish wagers against the S&P 500 and Nasdaq-100 index. The decrease in the Cboe Volatility Index suggests that traders are abandoning insurance-like contracts and expecting market stability. The recent boost in stocks and bonds is attributed to actions taken by the U.S. government, including smaller-than-expected increases in longer-term debt auctions and indications that the Federal Reserve will not raise interest rates again this year. Despite initial doomsday forecasts, the economy has performed better than expected, leading to increased bullish sentiment among investors. [Extracted from the article]
Details
- Language :
- English
- ISSN :
- 25749579
- Database :
- Academic Search Index
- Journal :
- Wall Street Journal (Online)
- Publication Type :
- News
- Accession number :
- 173565139