The stock market rally is likely to continue regardless of the tone of the Fed minutes, says the CEO of deVere.

The bull run that has propelled Wall Street’s major indexes to record highs this month is expected to continue regardless of the tone of the upcoming Federal Reserve minutes, according to Nigel Green, CEO of one of the world’s largest independent financial advisory and asset management firms.

Investors are eagerly awaiting the release of the minutes from the US central bank’s latest policy meeting for clues on the timing of potential interest rate cuts. Despite several officials recently emphasizing the need for further evidence of easing inflation before lowering rates, Mr. Green believes the market’s upward trajectory will persist.

“More hawkish? More dovish? The tone of the Fed minutes is becoming less important to many investors now,” he said. “We expect the markets’ bull run, which has taken Wall Street’s major indexes to fresh highs in recent weeks, to continue.”

Mr. Green cited two main narratives supporting this outlook. First, a strong corporate earnings season and the prospect of a “soft landing” for the US economy have instilled confidence in investors regarding the stability and resilience of the world’s largest economy.

You May Also Like

More From Author

+ There are no comments

Add yours