Thursday, August 15th, 2024Another big day for the major market indexes. Robust data on Retail Sales, Exports and better-than-expected Jobless Claims all demonstrate that recession fears in the market had gotten ahead of themselves. Even with the idea that a 50 basis point (bps) rate cut by the Fed next month may be off the table — in favor of a 25 bps cut — markets rallied throughout the day.The Dow closed up +554 points, +1.39%. Yet it is the only major index to have climbed back into positive territory a ...