The broader stock market logged solid gains in the first quarter of this year as enthusiasm about artificial intelligence, signs of a soft landing, and dovish talk from the Fed gave investors reason to be more optimistic.
The S&P 500 Index crossed and finished above a milestone, ending February at 5,096. Above 5,000! YTD, the S&P 500 is up 6.8%. That’s an impressive start!
The economy seems fine. The job market seems fine. So far, there are few signs the economy is about to slip into a recession.
Stocks moved higher in the final three months of the year as bond yields trended lower in growing anticipation of a potential Fed easing.
There’s a secret! It’s where Santa gets money from to buy gifts every Christmas. This is not a joke (well, sort of…). The cash is out there. Where? It’s in the stock market.