S&P 500 Reaches New Record High as Investors Embrace Fed Policy and Economic Momentum
• The S&P 500 reached a new all-time high on Thursday, its 22nd record close of the year
• Expectations of future Fed interest rate cuts and strong economic data are driving the market higher
• The stock market has gained almost 47% over the past 18 months despite tightening monetary policy
• Fed policies introduced a decade ago linking low rates to rising asset prices seems to be working
• Investors are showing trust in the Fed's forward guidance, supporting continued stock gains