U.S. stocks climbed to record highs on Wednesday and the benchmark 10-year Treasury yield fell sharply after the Federal Reserve abstained from reducing its bond buys.
“It’s like being at a party and more beer shows up. It’s a big surprise. No taper was not priced in, and you can see that by the market’s reaction,” said Eric Davidson, deputy chief investment officer at Wells Fargo Private Bank
As you can see the S&P skidding up again to new highs!, however there is no surprised that happened as we are still in a bull market. But there is no doubt that S&P chart does look strong right now.
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| spx hits new highs |
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