For our first Spotlight update of 2024, we consider the stock market’s continued momentum, the Fed’s ongoing rate pause, and inflation’s slow-but-steady path toward moderation. Immanuel Tan from Portfolio Strategy and Investments discusses:
- US economic resilience reflected in a healthy stock market
- Essentially flat bond yields as markets wait for an anticipated rate cut
- The influence of the housing market on inflation
- Positive early earnings data, despite some drag from the financial sector
