An options trade to capture a move to S&P 500 record highs after Powell signals rate cuts are coming

S&P 500 rallies near record high, US bond yields drop

All three US benchmarks were higher, bolstered by renewed confidence among traders that the Fed will resume cutting interest rates next month.

An options trade to capture a move to S&P 500 record highs after Powell signals rate cuts are coming

Options trader Jeff Kilburg breaks down a simple trade to capture a move to record highs in the S&P 500.

@ the Bell: Markets rally to record highs after Fed speech

Canada’s main stock index hit a record high on Friday as investors celebrated US Federal Reserve Chair Jerome Powell showing some willingness towards future interest rate cuts at the Jackson Hole symposium. According to Statistics Canada, retail sales rose by 1.5 per cent in June, reaching C$70.2 billion. Gains were recorded across all nine subsectors, with food and beverage retailers leading the way. Meanwhile, the Dow Jones Industrial Average …