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Podcast: Bloomberg Daybreak: Asia Edition
Episode: Fed Rate Cut Spurs Record Day on Wall Street
Description: Wall Street's bets that Federal Reserve rate cuts will keep powering Corporate America drove stocks to all-time highs, with traders piling into the riskier corners of the market. The S&P 500, Nasdaq 100, Dow Jones Industrial Average and Russell 2000 small-cap index all closed at fresh highs on Thursday, for the first time since November 2021. An MSCI index of global stocks also closed at a record. We look at the market landscape with Shams Afzal, Managing Director at the Carnegie Investment Counsel.Plus - Fed Chair Jerome Powell managed against the odds to forge a near-unanimous consensus at this...