Market Commentary

Have you ever made fudge? Nothing fancy, nothing complicated. You obtain a recipe, follow the instructions, bake, let it cool, and done. Fudge ready to enjoy. Smooth and delicious! Simple, right?

The broader stock market logged solid gains in the first quarter of this year as enthusiasm about artificial intelligence, signs of a soft landing, and dovish talk from the Fed gave investors reason to be more optimistic.

The S&P 500 Index crossed and finished above a milestone, ending February at 5,096. Above 5,000! YTD, the S&P 500 is up 6.8%. That’s an impressive start!

The economy seems fine. The job market seems fine. So far, there are few signs the economy is about to slip into a recession.

Stocks moved higher in the final three months of the year as bond yields trended lower in growing anticipation of a potential Fed easing.

There’s a secret! It’s where Santa gets money from to buy gifts every Christmas. This is not a joke (well, sort of…). The cash is out there. Where? It’s in the stock market.