Posted 3/29/2024, 11:11:52 AM
Stocks Rally on Rate Cut Hopes; Investors Eye Upcoming Earnings for Outlook
- Investors watching for potential Fed interest rate cut in June and upcoming corporate earnings reports to gauge market outlook
- Stocks rallied in Q1, with S&P 500 up over 10%; Fed policy and inflation remain key focus areas
- Economic data could spur volatility if it suggests changes to Fed’s projected rate cut path
- Broadening rally into cyclicals and small caps expected to continue amid attractive valuations
- Biggest market risks are Fed signaling rates will remain unchanged through 2023 or disappointing Q2 earnings results