Economic Pulse: Where is the S&P 500 Headed for the Year-end 2024?
After two years of doubt, Wall Street strategists bet big on U.S. Stocks as the benchmark index powers toward 6,600 amid renewed optimism
Trump’s pick of Hedge Fund manager Scott Bessent as the next Secretary of Treasury is being seen as a force of stability amid other controversial picks for the incoming U.S cabinet. The renewed optimism reflects investors’ opinion that Bessent’s Wall Street background is an advantage, anticipating that he will implement balanced policies and temper the more aggressive aspects of Trump's agenda.
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