Buy 3 Momentum Anomaly Stocks as Markets Rise on Rate Cut Hint
H&R Block(HRB) ZACKS·2024-08-27 22:05
The broader U.S. equity markets have witnessed a steady uptrend over the past couple of trading sessions, buoyed by strong signals from Federal Reserve Chair Jerome Powell about interest rate cuts happening soon. Despite any definite time frame or the quantum of the proposed rate cuts, markets were quick to respond positively and are currently trading in the vicinity of all-time highs. This followed one of the worst performances at the beginning of the month due to a global market sell-off with the unwindin ...