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As records fall on Wall Street, investors seek bets on economic growth

Updated : May 02, 2019 06:37 AM IST

After tumbling nearly 20 percent from its peak at the end of 2018, the S&P 500 has rebounded strongly this year as US economic data remain robust and the Federal Reserve has indicated a pause in interest-rate hikes.
Accordingly, fears of a stock market meltdown have given way to talk of a possible melt-up. The S&P 500 has notched record highs in the past three trading sessions.
In March, a brief inversion of the yield curve between three-month Treasury bills and 10-year notes, considered a sign of an impending recession, alarmed investors. The curve has steepened since then and yields have ticked up as US economic data have remained largely upbeat.
As records fall on Wall Street, investors seek bets on economic growth
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