This post was originally published on this site
As I write this on August 30th, the S&P 500 is poised for its 52nd record high of the year, putting it on track to possibly overtake 1995’s all-time record of 77 record highs that year.
The financial media is giving credit to Fed Chairman Jerome Powell’s very well received Jackson Hole speech in which he discussed the Fed’s plans for the taper.
