Shares of companies linked to the defense industry have been on a tear amid recent geopolitical turmoil, according to Yardeni Research. “Defense stocks have been soaring to record highs along with U.S.

The Fed's interest rate cuts should continue to fuel the stock market as long as the economy avoids recession, experts say. But stocks are overvalued.

Investors are cheering as policymakers expect the labor market to hold steady through a series of smaller cuts into 2025.