- The S&P 500 rose 0.8 percent to 1,639.10 at 4 p.m. in New York, trimming an earlier gain of as much as 1.2 percent. It dropped to 0.8 percent because an article from Financial Times reported that the Fed’s stimulus will stop soon. Which later Fed said that article is just an opinion and has not leaked ANY information to the public.
My personal opinion on this is that the market is currently on illusionary gains because once the Federal Gov’t stops pumping stimulus into the economy it will crash.
Categories: Equity Capital Markets