A Stock Market Conundrum

A Stock Market Conundrum

January 29, 2024

The economy is still growing.  Real GDP rose at a solid 3.3% annual rate in the fourth quarter, and consumer spending was strong in December meaning the first quarter is off to a good start.  New home sales came in above expectations and initial jobless claims remain low, although orders for durable goods came in low due to weak demand for aircraft.

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