New York CNN —
The stock market is racking up record highs again. Investors are wasting no time moving into riskier assets from bitcoin to tech stocks after last week’s long-awaited rate cut from the Federal Reserve.
Last week, the S&P 500 and Dow surged to new highs after the Fed said it is cutting interest rates by half a point, marking a pivot from the aggressive hiking cycle that brought rates to a 23-year high.
CNN’s Fear & Greed Index, which measures seven barometers of market sentiment, is at a “greed” reading.
Strong economic data
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