On April 1, the Dow Jones demonstrated a strong short-term recovery with a 1.27 percent increase within hours, crossing the 26,000-point mark and achieving 26,258 points for the first time since October 2018. While investors oversold stocks in December, throughout January and February, investors were lured back into the market out of fear of missing out, or FOMO, as the U.S. equities market began to regain its momentum. With even the Federal Reserve’s most pro-high interest rate officials in the likes of Minneapolis Fed president Neel Kashkari arguing that it is not the time to cut its benchmark interest rate
The post Dow Bulls For Meteoric Revival as Investors FOMO in Compelling Stock Market appeared first on CCN
* First published on ccn.com
