A Very Brief Market Recap of this Week

S&P 500 Performance, Last Week

Global Economic Update 

- The S&P 500 is up 1.61% this week, hitting all time highs yet again

- This is mainly a result of strong earnings reports coming from Meta and Amazon

- Stocks are also up after the Fed set expectations for rate cuts (removing uncertainty fears)

- In foreign markets, Chinese markets tumbled to 5 year lows as poor manufacturing data was released

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"Will There Be a Bull Market in 2024?" Yes, despite the sluggish start, evidence suggests a bullish inclination for 2024. Market dynamics, historical trends, and expert sentiments collectively point towards an optimistic outlook for the remainder of the year.

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