What drove stock market’s record-breaking week? Don’t overlook growing rate-cut expectations. - MarketWatch
1. Traders expect three to four Fed rate cuts by year-end. 2. S&P 500 reached a record high, fueled by rate cut optimism. 3. Potential change in Fed Chair might lead to more dovish policies. 4. Soft landing confidence grows as inflation and trade issues improve. 5. Decline in consumer spending and mixed inflation data reported.