Read the full article on Traders' Insight.
Excerpt:
What a difference a quarter makes. Coming into 2024, strategists were generally downbeat about what the year’s equity returns may be. Tempering expectations made sense considering the S&P 500® 26% total return in 2023 and with uncertainty around how GDP growth would unfold along with a shifting inflationary backdrop.1 There are still big questions around Fed policy, consumer spending, and the overall valuation of US stocks. But after a solid 10% total return among domestic large caps from January through March, and with a Fed that appears to be on investors’ side, things feel pretty good as springtime kicks into high gear.
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