The S&P 500 is on its longest winning streak in over a decade
As US markets continue to enjoy the Fed's quantitative easing, the S&P 500 has risen for eight consecutive weeks in the aftermath of the temporary government shutdown.
S&P rises for 8 weeks in a row, its longest winning streak in a decade.
— Jamie McGeever (@ReutersJamie) December 2, 2013
Fed chairman Ben Bernanke shocked markets in September – investors had been expecting Bernanke to announce that asset purchases would be scaled back.
Instead Bernanke said that "the extent of restrictive fiscal policies remains unclear, and upcoming fiscal debates may involve additional risks to financial markets and the broader economy."
That preceded a temporary government shutdown at the start of October which saw the US economy squeezed. Since the end of those fiscal squabbles equities have been roaring.
