Last week, the stock market saw a strong rebound following cooler-than-expected inflation data from December’s Consumer Price Index (CPI), easing concerns about potential interest rate hikes by the Federal Reserve this year. The S&P 500 rose 2.91%, erasing its losses for the year. Additionally, major banks reported earnings that exceeded expectations. The rally in both stock and bond markets reinforces the importance of staying invested over the long term. As the saying goes, “time in the market, not timing” is a proven long-term investment strategy.
Following the Martin Luther King Jr. holiday, political headlines will dominate the shortened trading week as President Donald Trump takes office. However, investors should avoid letting political tilts heavily influence their investment decisions. A well-diversified portfolio that aligns with your objectives remains the cornerstone of successful investing.
For a more detailed analysis of last week’s markets and economic trends, check out the latest issue of Market Week.
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Thank you for reading! You are welcome to contact me directly with questions or comments.
Regards,
David Bennett