Live updates on stock market news

The stock market is experiencing a ‘Goldilocks-style rally,’ according to HSBC. Last week’s equity rally following a rocky period in April indicates that the market is moving past its pullback, as major equity indices re-approach their year-to-date highs. HSBC strategist Duncan Toms wrote in a note that these broad-based gains resemble a Goldilocks-style rally.

Investors are eagerly awaiting Wednesday’s CPI report, with Toms believing that the bar for hawkish surprises is getting higher. Even in-line expectations could be another catalyst for risk-assets to climb higher, according to the strategist.

Meanwhile, Leon Cooperman, Omega Family Office chairman and CEO, believes that the Federal Reserve’s monetary policy is not too tight. He cited a booming stock market with speculative activities as evidence that the Fed is not being restrictive. Cooperman also mentioned potential catalysts for a financial crisis, including a collapse in the dollar and the upcoming presidential election.

Overall, the market seems to be in a positive momentum, with investors closely monitoring key economic indicators and expert opinions to navigate the current market conditions.