Risks to WallStreet’s rally abound despite record high

The benchmark S&P 500 index hit a record high on Thursday as an almost giddy euphoria over the prospects of a U.S. interest rate cut fueled the appetite for equities, but there are plenty of pitfalls that could throw the stock market off course.

From the high expectations for something positive on the U.S.-China trade front at next week’s Group of 20 summit, to rising geopolitical concerns and a worrying U.S. profit picture, the potential for missteps and stumbles is great.

Moreover, the rally appears to be based more on hope than reality, strategists said.

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Posted in: Indian Market Tips