2024-01-31 16:00:00 ET
Summary
- The S&P 500 and Nasdaq Composite rallied 3% in January, while small and mid-cap equities were close to the unchanged line.
- Major foreign stocks, excluding Chinese shares, performed well in January, with Taiwan Semiconductor and Novo Nordisk emerging as winners.
- Communication Services led the sector-wise performance, while Real Estate and Utilities lagged.
- With solid growth, tame inflation trends, and healthy corporate earnings, there remains a golden path toward normal Fed policy.
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Large Caps Shine In January, A Goldilocks Economy Continues To Unfold