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A Great Start to 2024

A Great Start to 2024

April 02, 2024

Last week the S&P 500, as well as other major Indexes, closed on their highs for the first quarter of the year. It was a strong quarterly performance that may lead to an above average yearly return for 2024.

A key inflation reading released last Friday, which the Fed pays close attention to, came in as expected and is strengthening the disinflation trend that will likely lead to interest rate cuts sometime this year. It’s very positive that the momentum is to the downside and towards the Fed’s goal of 2% annual inflation. A bigger variable to watch the second half of this month will be corporate earnings. Investors will need to continue to see positive earnings for this rally to continue unabated.

April 15th is less than two weeks away, and the deadline to file your taxes as well as make contributions to your retirement accounts for 2023 (if you haven’t already). Please email us if you want to contribute or confirm you already maxed out contributions to your retirement account for the previous year.

Photograph by: Tech Daily on Unsplash

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