Broker Check
No (New) News is Good News

No (New) News is Good News

March 26, 2024

The stock market rally reignited last week when the Federal Reserve reiterated its forecast of three rate cuts later this year. Investors were relieved to hear the Fed is sticking to their plans and didn’t say anything to spook the market.

A strong first quarter is wrapping up this week with the next earnings season just around the corner. We’ll soon see if the momentum of everything AI will translate to better profits and higher future earnings forecasts. The momentum has also reduced the high market volatility that we saw in 2022/2023. A stable and up-trending market will likely bring people that have been sitting on cash back into the stock market and create a virtuous cycle.

If you haven’t already, remember to make 2023 IRA contributions by April 15th. Contribution limits for 2023 are $6,500 for those below 50 years old and $7,500 for 50 and above. Contribution limits for 2024 have been increased to $7,000 for under 50 and $8,000 for 50 and above.

Photograph by: Roman Kraft on Unsplash

.

.

.

.

.