S&P 500 on Win Streak as Investors Bet Against Rate Hikes

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The stock market has been on a winning streak as of late. What's going on? That's right. Said the S and P 500 has been on a win streak as investors bet that more rate rises are off the table even though the Federal Reserve Chair is leaving his options open. The S and P 500 is rebounding today after ending a nine day win streak yesterday, temperate bond yields with track interest rates are borrowing costs are providing the environment for stocks to rise. Well, meantime, the fed chair does maintain, it will not officially declare an end to its rate rising policy and tells it sees sustained evidence that inflation is indeed under control. Inflation of the pace of price gains still remains above the central bank's long term 2% target.