10 Top-Ranked ETFs Beating S&P 500 This Year
Zacks Investment Research | Oct 28, 2019 10:10PM ET
The bull market, which was badly hit by trade dispute, decelerating global economic growth and recession calls in recent months, witnessed a comeback with the S&P 500 Index hitting new highs. The renewed momentum was driven by easing monetary policy and trade deal optimism.
The Fed slashed interest rates twice this year by 25 basis points (bps) each, and is expected to do so again in the meeting scheduled on Oct 29-30. Per CME FedWatch tool, there is a 93% chance of a 25-bp rate cut at this meeting, up from 49.2% chance noted a month ago. Lower interest rates would make borrowings cheaper, providing a boost to both investment in new projects and repayment of higher-rate debt. As such, it would lead to strong economic growth, and is thus a boon for the stock market (read: Zacks Investment Research
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