5 reasons to buy stocks in the S&P 500 after the Fed announcement
The Federal Reserve is expected to begin reducing its $85 billion monthly bond buying program in December.
And in a sign that investors are ready for the Fed to slow down, the SAC is reporting that the market is moving up again.
The SAC said the SIFMA, or Special Industry and Financial Market Association, will report on Wednesday that its members have increased their positions in the stock market.
That’s the biggest jump in S&s since mid-October.
S&p stocks rose $3.90, or 3.7%, to $36.24, after the Federal Reserve’s announcement on Wednesday morning.
The S&ap stocks were up 1.5% on Thursday.
The S&AP stocks are still trading at about 20% of their 2008 highs, and that’s in spite of a recession that has hit the U.S. economy harder than most.
The index has been steadily declining for nearly two years.