Q: Well, that was some week, throw a dart and you would of made money. So why did this happen, it was not suppose to listening to all of the Wall Street Pros. a week earlier, maybe just buy good stocks that make money and stay invested.
Thanks again.
Thanks again.
5i Research Answer:
Last week shows why it is important to stay invested, with the S&P rising more than 5%, its best week of the year. This was driven by two main factors. One, corporate earnings continue to be 'decent'. Not stellar, but certainly not recession-like. Two, the FED paused its interest rate hikes, and talked about the past hikes' starting to have a negative influence on the economy. This, for some (and we are generally in this camp) means that rates hikes are now done, and the possibility of rate cuts sometime in 2024 have increased.