09/04/2025
Summer May Be Ending β but New Record Highs Are Not
Now that Federal Reserve Chair Jerome Powell hinted the Fed would be open to cutting rates, the markets are full of anticipation for a September rate cut. That helped drive us to new records for the S&P 500 (6,501.86) and the Dow (45,636.90) last Thursday. The Nasdaq has suffered from the AI trade losing some steam and is lagging behind its all-time high posted on Aug. 12, but itβs still hanging around within a few hundred points.
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