Posted 3/14/2024, 9:02:00 AM
S&P 500 Hits New Highs but Rate Cut Hopes Fueling Bull Run Could Backfire
- S&P 500 continues setting new records, fueled by stocks like Nvidia
- Analyst optimism and projections of further gains could change if rates stay higher longer
- Words "higher for longer" could derail bull market if rate cuts don't happen
- Market optimism stems from belief cuts will attract investors from bonds to stocks
- Long-term investors may be better off staying invested through dips vs trying to time market