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March 28, 2024: S&P 500 Soars, Nvidia Struggles, Baltimore Bridge #EconomicOutlook

March 28, 2024: Record S&P 500 Rise, Nvidia’s Dilemma, and the Shadow Cast by the Collapse of Baltimore’s Bridge on Rate Cut Projections | by EconInsight | Mar, 2024

The article discusses various trends in the financial markets, starting with an overview of the S&P500 index and other major indices. It highlights key corporate stock movements, including Apple and Nvidia, and areas of investor focus such as Tesla and Amazon. The article also touches on the current state of meme stocks, the Russell 2000 index, and UBS’s analysis on mid and small-cap stocks.

It further delves into perspectives from Fundstrat and BMO, the uncertainty of Fed’s rate cuts, and responses from other central banks. The article also discusses the delay in rate cut projections due to the Baltimore bridge collapse and different perspectives from Wall Street on its impact. Additionally, it covers strong demand in the bond market, quiet financial market trends, and the potential impact of Russia’s decision to cut oil production on global oil prices.

The article concludes by mentioning the anticipation of market rebalancing at the end of the first quarter and the upcoming economic events in April that could introduce volatility into the markets. Overall, it provides a comprehensive overview of the current state of the financial markets and key trends investors should be aware of.

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Source link: https://fdo2aa.medium.com/march-28-2024-record-s-p-500-rise-nvidias-dilemma-and-the-shadow-cast-by-the-collapse-of-ed5136d30fee?source=rss——chatgpt-5

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