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Weekly Market Commentary 4/29/24

April 29, 2024

Last week, major stock markets rebounded with all indices and sectors posting gains, led by Information Technology. This positive market movement coincided with significant earnings reports from over 800 companies, many in tech, boosting investor enthusiasm. Looking ahead, another 1200 companies are set to report earnings. Despite disappointing GDP growth at 1.6%, below expectations, the markets ended the week strong. Inflation also rose, as indicated by a 3.4% increase in the Personal Consumption Expenditures index, though it had minimal impact on the Treasury yield curve. Rate cut expectations have now been pushed to September.

2024-04-29 Market Commentary Cleap-Leap Wealth Management from Leap Wealth on Vimeo.