The S&P 500 extended the end of 2023’s market optimum rising 1.6% to start 2024. We’ve seen that momentum continue into February.
Overall, we’re optimistic for 2024. We still expect rate cut timing volatility near-term, but more confident we’ve entered the next bull market pending a mild recession this year.
It was a very Merry Christmas for investors in December picking up right where November left off. The S&P 500 gained another 4% to end the year and ending 2023 up 24%.
Markets surge in November with investors feasting on the end of #RisingYields and a #Goldilocks soft landing
#Goldilocks pessimism continues to weigh on October markets, but renewed optimism propelling November
The Fed poured cold water on the #Goldilocks soft landing in September, but hope reigns eternals as optimism is building again.
Investor optimism for the “Goldilocks” soft landing cooled in August before heating up again to end the month.
The S&P 500 rose +3% in July as investors remained giddy the market was heading for the ideal “Goldilocks” soft landing.
A bullish 1H rebounds from 2022’s losses. Heading into the 2H, we see markets moving on rate hikes, recession expectations and AI.
The S&P 500 enters a bull market with investors optimistic moderating economic data will lead to Goldilocks economic outcome.