From Yahoo Finance: 2024-05-16 01:07:28

U.S. stocks hit fresh records, bitcoin soars, and investors are shying away from insurance against portfolio declines, signaling a potential soft landing for the economy. The Goldilocks trade – betting the Fed can control inflation while maintaining growth – gains traction as positive economic data rolls in, including a slowdown in U.S. consumer prices. Risk appetite is on the rise, with the S&P 500, Nasdaq, and Dow Jones all reaching new highs, while assets like bitcoin and meme stocks surge. Investors are increasingly optimistic, as shown by a BofA survey, with the market favoring call contracts over put options.



Read more at Yahoo Finance: Investors reach for riskier assets as fear seeps out of markets