Mid-cycle market analysis

If You Mess With a Bull Market, You’ll Get The Horns

Markets showed strong fundamentals this week despite mixed sector performance. The Fed’s preferred inflation measure, PCE, came in lighter than expected, paving the way for rate cuts. Semiconductor stocks rallied, and the VIX stayed low, benefiting short-term volatility trades. With upward GDP revisions and resilient consumer savings, this mid-cycle bull market looks strong, even with some election-related volatility ahead.