Wall Street Expects Bad News From the Federal Reserve This Week. History Says a Stock Market Correction May Follow.
The U.S. stock market is having another fantastic year, driven by massive spending on artificial intelligence infrastructure. Year to date, the broad-based S&P 500 (SNPINDEX:^GSPC) has added 12%, the technology-heavy Nasdaq Composite (NASDAQINDEX:^IXIC) has advanced 13%, and the blue chip Dow Jones Industrial Average (DJINDICES:^DJI) has added 9%. However, Wall Street expects the Federal Reserve to raise interest rates this week,