Posted 3/28/2024, 8:03:00 PM
S&P 500 Closes Out Strong Quarter With Fresh Highs, But Warning Signs Emerge
- S&P 500 closes out best first quarter since 2019, notching a fresh record high on the last trading day
- All three major indexes have risen for 5 straight months; S&P 500 up over 10% year-to-date
- Sentiment indicators showing high investor euphoria levels that typically signal lower future returns
- Mortgage rates hover just under 7%; consumers confident inflation will continue falling
- Tesla stock worst performer of "Magnificent 7" in 2024 so far, down 28%