The pendulum has been swinging hard for equity investors lately.
The S&P 500 SPX, +0.61% is poised for its best weekly performance of the year thus far (and since November), on the heels of the worst five-day return of 2019 to date.
Egged on by comments from Federal Reserve Chairman Jerome Powell, investors have been snapping up stocks on hopes a near-term U.S. interest rate cut is on the cards.
