Healthy Earnings Power the S&P To New Levels; Chances of a March Cut Remain
Feb 2, 2024
• 6
Min Read
“I don't think you know how much you can do until you try.” ~ Chita Rivera (1933 - 2024)
Good evening,
This was an important week for markets, with myriad macroeconomic catalysts having their say. “We learned a lot this week,” Fundstrat Head of Research Tom Lee told us. “Our primary takeaway is that 2024 will be a challenging year, but ultimately positive — just as January had zig-zags, but ended up positive.”
To be specific, the S&P 500 ended up 1.59% for the month of January – an important signal, in Lee’s view. He and his team examined data from the past 74 y...