GREY BRIEFING #08: Option expiry & interest rate cut: Wall Street on track for record highs

Welcome back, dear readers, to the eighth GREY BRIEFING! This week was dominated by the Fed's interest rate cut. On Wednesday, the key interest rate corridor was lowered by 25 basis points to 4.00–4.25%, the first step in a new easing cycle. In addition to the interest rate decision, the indices reached new all-time highs, accompanied by the continuing AI hype. Nvidia, Intel, and Workday made headlines with investments and acquisitions. The mood shifted back toward "greed," while volatility rose slightly. As always, let's dive right into the... Weekly performance Last week, all major US indices gained ground...