Global Economic Update
- The S&P 500 is up 1.61% this week, hitting all time highs yet again
- This is mainly a result of strong earnings reports coming from Meta and Amazon
- Stocks are also up after the Fed set expectations for rate cuts (removing uncertainty fears)
- In foreign markets, Chinese markets tumbled to 5 year lows as poor manufacturing data was released
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"Will There Be a Bull Market in 2024?" Yes, despite the sluggish start, evidence suggests a bullish inclination for 2024. Market dynamics, historical trends, and expert sentiments collectively point towards an optimistic outlook for the remainder of the year.
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