Bitcoin Investment Trends – Perry International Capital Partners

If getting Inflation to 2% is truly the Fed’s objective, then why in the world would it cut in 2024?

Fed Watch is on. No rate cut this week — for sure — and traders are not betting on one in March either, but Powell will probably keep the door open so that stocks and bonds do not face a drawdown.
• That means the first possibility of a cut will not present itself until May 1st.
• The Employment report comes out Friday, and earnings reports from some of the most important companies will filter in all week.
• Considering where we are with respect to valuations, the slightest negative surprise in any of the data could have outsized effects on markets.

“The health of nations is more important than the wealth of nations.”

Newsletter / perrycap

The U.S. Stock market reached an all-time high!
On the week: The Dow rose 1.5%. It is up 2.56% in 2024 to 38,654. The S&P 500 closed- up 1.4%. It is up 3.96% for 2024 to 4,958.The Nasdaq gained 1.7%. to 15,628. It is up 2.56% for 2024 to 15,628.
Last week marked the 4th week in a row of gains for the major benchmarks. Stocks have rallied 13 out of 14 weeks. The only down week was the first week of January. This is a serious Bull-snorting rally.
The catalyst for the gains were Big Cap Tech earnings, stronger employment growth, and rising optimism for growth even with a steady Fed, which left rates unchanged (5.50%) at its first meeting of the year. Traders have already taken the March Rate cut off the table.

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