Second straight week of gains ๐
Friday closed out a strong week. S&P 500 hit a record close at 7,757.64 (+0.62%), Nasdaq jumped 1.3% to 26,690.62, Dow added 0.28%. ๏ฟผ All on a weak jobs report; markets read it as the Fed staying on hold, and traders took a September hike off the table entirely. ๏ฟผ
S&P is up 3.6% and Nasdaq up 5.2% over the past two weeks, chips leading the bounce-back.
Markets closed for the weekend, but curious how everyoneโs positioned heading into next week. Rate-hold trade feels crowded already.
