Stocks Break Through

The S&P 500 has passed through a zone of heavy chart resistance and is in good shape to extend its recent gains

The Federal Reserve cut interest rates more than most expected on Sept. 18, leading to one of the best days in years for stocks. With the aggressive rate cut came a chorus of worries about inflation as the U.S. dollar fell sharply, gold, oil, and other commodities rose sharply, and longer-dated Treasury yields rose.

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