Why a ‘wall of money’ is unlikely to flood into stocks when the Fed cuts rates, this Goldman strategist says

U.S. stocks finished mostly unchanged on Monday — near record highs — with investors focused on

Federal Reserve Chair Jerome Powell’s coming speech Friday at the central bank’s summer Jackson Hole, Wyo., summit.

Surprisingly resilient second-quarter earnings have been helping drive the stock market to record levels, but hopes for the Fed to resume rate cuts in September also added to the bullish undertone in markets.