The S & P ended at 4,372, exactly where it was at 2 PM when the Fed made its announcement.
In English: I am not saying a soft landing is happening, but we could make it.
The stock market certainly believes in the soft landing.
The S & P is up nearly 5% this month alone on a belief the job market will remain strong and the Fed is done.
But the S & P is up over 500 points (more than 13%) since bottoming at 3,855 on March 13th.
Persons:
Jeff Gundlach, doesn't, Powell, Goldman Sachs, Goldman, Jeffrey Yale Rubin, FOMO
Organizations:
Fed, Powell, Bulls, Birinyi Associates, American, of, Bears