Posted 3/29/2024, 10:30:25 AM
Stocks Surge in Q1 but Face Growing Risks of Pullback
- Q1 saw widespread gains across sectors, Fed maintains outlook for rate cuts later this year
- Over 80% of S&P 500 trading above 200-day averages, historically preceded sharp drops
- Robust economy and jobs market could delay rate cuts, but AI boom seems impervious
- Record flows into US equity funds in March, momentum and risk appetite accelerating
- Potential risks worsening consumer savings/debt, geopolitics, inflation, contrarian indicators