As Wall Street began to anticipate Fed rate cuts, the S&P 500 surged higher for a seventh consecutive day, approaching the key 4,400 mark. On November 8th, the Nasdaq 100 also climbed nearly 1%.
However, Several Federal Reserve officials sent hawkish tones, signaling that Fed inflation fight not over. Officials generally stated that inflation remains too high, and Fed has more work to do to control inflation....

Authored by Simon White, Bloomberg macro strategist
There is a growing cottage industry in comparing today's equity market to the bursting of the tech bubble in 2000 and the financial crisis beginning in 2007. But it is the differences that are more notable than the similarities.
While the 2000 and 2007 market peaks serve as benchmarks in many aspects, the dissimilarities exhibited in today's market make it...