Global financial markets are on a tear. The S&P 500 closed at a record high last week, and the rally has spread to virtually every major market worldwide. The catalyst? A growing consensus that the era of aggressive interest rate hikes is firmly behind us.
What's Driving the Rally
The Federal Reserve, European Central Bank, and Bank of England have all signaled that rate cuts are coming — the question is when, not if. Markets are pricing in a September cut from the Fed, and traders are alre...
