$S&P/ASX 200 (.XJO.AU)$ rockets into new all-time high terri...

On the domestic front, strong earnings results from most Australian blue-chip stocks, with many surpassing expectations, have prompted investors to buy. Additionally, the ASX 200 is benefitting from tailwinds from the United States. The ongoing AI stock boom has driven the tech-heavy Nasdaq Composite Index to close up 0.9% for its record closing high. Furthermore, inflation in the world's top economy is showing signs of slowing down. The PCE index data from the US indicates that inflation is still above the Federal Reserve's target range of 2%, but it was within economist's expectations. As a result, investors are increasing their bets that the world's most influential central bank may start cutting interest rates as early as June.