Market Insights – 1Q, 2024
Equity markets continued to rally in Q1 as the U.S. economy remained resilient despite persistent inflationary pressures above the fed’s 2% stated target. Market breadth widened as global markets benefited from tailwinds supplied by AI-driven investment and robust consumer spending. However, participants have also priced-in multiple interest rate cuts from the fed by year’s end. With those expectations now sliced in half from 6 to 3 cuts, investors will take special note of Q2’s economic data to gauge sentiment in a potentially volatile election-cycle year.
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