The S&P 500 Returns To 4,200 As Fed Starts Talking About Taper

The Fed's minions worked overtime early last week to convince investors the surge of inflation confronting U.S. consumers won't cause them to prematurely take away their proverbial stimulus bond-buying punch bowl.

That was enough to prompt investors to bid up the value of the S&P 500 (Index: SPX) up toward the 4,200 level.

Alternative Futures - S&P 500 - 2021Q2 - Standard Model (m=-5.0 from 11 May 2021) - Snapshot on 28 May 2021

But the closer it got, and especially once it crossed that line, the Fed's minions started really talking up how they want to talk about how and when they'll take away their proverbial punch bowl.

There was more stuff that happened in the past week, but as you'll read in the summary of market-moving headlines below, that description that the Fed has started talking about tapering its stimulus bond buys pretty much summarizes all the U.S. stock market's action ahead of the Memorial Day holiday weekend.

Monday, 24 May 2021

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