RTX Corporation: Grounded As The S&P 500 Has Rocketed Higher

A businessman is showered in $100 U.S. banknotes. shapecharge A flip of the calendar can often be enough to change the market narrative. Decades-high inflation, the start of the rate hike cycle, and fears of a recession sent markets reeling in 2022, with the S&P 500 Index (SP500) falling 19%. CME Fed Watch Tool Now that disinflation is occurring, the markets are pricing in six 25-basis point rate cuts within the next 12 months as the most likely scenario. Unsurprisingly, this improved market sentiment has ...