QVMM - S&P 500 Investors Riding A Disappointing Roller Coaster

2024-03-18 13:05:00 ET

Summary

• As trading weeks go, the second week of March 2024 resembled a disappointing roller coaster ride for investors.
• The S&P 500 climbed to a new record high of 5,175.27 on 12 March, 2024, but then went on to lose 1.1% of that new high value by the end of the week on the downhill part of its ride.
• What made the week disappointing for investors is a shift in expectations for how frequent interest rate cuts will be during 2024.

As trading weeks go, the second week of March 2024 resembled a disappointing roller coaster ride for investors. The S&P 500 (Index:[[SPX]]) climbed to a new record high of 5,175.27 on Tuesday, 12 March 2024, but then went on to lose 1.1% of that new high value by the end of the week on the downhill part of its ride. The index closed at 5,117.09 , a small 0.13% decline from the previous week's close....

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