Q1 Market Recap - 2024
Last year, the markets surprised many experts who had predicted a recession by having positive growth. That hot streak continued through the first quarter of 2024.
Last year, the markets surprised many experts who had predicted a recession by having positive growth. That hot streak continued through the first quarter of 2024.
Headlines like these often bewilder new investors. But even experienced investors sometimes wonder: “What does it mean to invest in cash?” After all, we don’t usually think of the word “cash” in relation to investing. For most people, cash is the stuff you keep in your wallet. So, what gives?
Have you ever heard of the Magnificent 7? No, I’m not referring to the classic western film starring Yul Brynner and Steve McQueen. I’m referring to the seven companies most responsible for the stock market’s rise over the past year. In fact, they have played such an oversized role that it’s time to start thinking about what might happen if they were to…stop.
As this market bounces around, we must focus on “The Long View.” Countless studies have repeatedly shown, “It’s time in the market, not timing.”
As you know, many noteworthy and historic events happened in 2023. Conflicts in Gaza, Ukraine, and Sudan. India surpassed China as the most populous country in the world. New temperature records were set all around the globe. The use of “artificial intelligence” exploded and turned multiple industries on their heads. Chinese spy balloons and deep-sea submarines grabbed the headlines. The “Barbenheimer” phenomenon reinvigorated Hollywood.
Mobile investing apps enable people to buy and sell certain types of securities right from their phone. They have provided investors with a quick and easy way to access the markets. For new investors who are just getting started, these apps have made the act of investing more accessible than ever before.