Public Market Call: A Meltup For All Seasons Feb 11, 2024 2 min read The stock market has been melting up since late October 2023, when investors concluded that the Fed was done raising interest rates. It melted up during the fall and winter. We think it might continue to do so in the spring and summer. It could be a meltup for all seasons. Leading the S&P 500 stock price index to a new record high on Friday was the S& Ed Yardeni