To The Moon

Have you got into the rhythm yet? First comes the Jobs reports at the start of each month, then Consumer reports and finally US Economic / Inflation report. After the Fed’s preferred Personal Consumption Expenditure (PCE) report is out at month-end, the cycle repeats all over again. Last week, in my post on overall US economic condition, (click here ! to read), things were looking up. The US stock market was charting new grounds: S&P 500 notched its best first quarter since 2019, with the index rising +10.2%. Meanwhile, both Dow & Nasdaq gained +5.6% and +9.1%, respectively. Unfortunately, on Mon, 01 Apr 2024, US market did a roundabout