With the US election concluded, the market shot up into the weekend with the S&P 500 ($SPX) (SPY) closing the week up almost 5%. In addition, some of the big names like Tesla (TSLA) also finished the week very strong closing the week up a whopping 29%.
Powell also came through with another rate cut bringing the Fed Funds rate down another 25 basis points, whether this will start to spark inflation back up remains to be seen, but the market clearly loves it.
