07/13 update below. This post was originally published on July 10
Stock markets are surging after Federal Reserve chair Jerome Powell fanned the flames of September interest rate cut hopes—just after issuing a “critical” warning.
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The S&P 500 and Nasdaq have notched fresh all-time highs, following in the footsteps of the Dow, which hit a peak in May, despite fresh debt spiral fears unsettling traders.
Now, as uncertainty hangs over the White House, one analyst has pointed to a surprise stock market warning light that’s just begun flashing red.
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