Markets Rebound Like They’re on a Mission From... : John Authers

Aug. 20, 2024, 5:41 AM UTC

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Today’s Points:


  • Exclude the Magnificent Seven, and US stocks are already back to an all-time high.
  • But so is gold; and in gold terms, the S&P 500 is no higher than in 1971.
  • Dealmaking is beginning to return as rate cuts approach.
  • In politics, a Democratic sweep is now conceivable — watch the Senate race in Montana.
  • AND: Some cinematic hints on the glories of Chicago, that toddling town.

Meanwhile, Back on Wall Street

This was supposed to be a quiet ...

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