Bulls in the US stock market need to be cautious! According to a survey by MLIV Pulse, betting on an early interest rate cut by the Federal Reserve is considered the "most foolish" trade.

Zhitong
2024.01.22 04:15
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According to the given news information, this information belongs to investment research. According to the survey results, two-thirds of the respondents believe that betting on the Federal Reserve's early easing of monetary policy is the "most foolish" trade. Although the S&P 500 index closed at a historic high last week, investors are in a battle with data showing the resilience of the U.S. economy and Federal Reserve officials who oppose premature rate cuts. Wall Street's anxiety over excessive bullish bets on Fed rate cuts is growing. Traders have reduced the number of rate cuts to five and have begun to cut back on bets that the Fed will start a monetary easing cycle in March. Investors are less optimistic about stocks than they were in November last year, but still prefer stocks over bonds. The stock market is dominated by bulls, but respondents have a lukewarm attitude towards Bitcoin.