Published on 24 Mar 2024 on TheStreet via Yahoo Finance
There is no question that stocks have enjoyed a terrific rally since the end of October. That was when investors became convinced the Federal Reserve was done raising interest rates.
The Standard & Poor's 500 is up 27 percent since its Oct. 27, 2023, closing low. It's had 20 record closes this year alone.
The Nasdaq Composite Index is up 30.4% over the same time frame. The Nasdaq-100 Index is up 30%.