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Economic Analysis

Meaningless Murmurings: January 20, 2024

Good morning, and welcome to the Weekender for Saturday, January 20, 2024. An all-time high was printed for the S&P 500 yesterday. It’s the first record in approximately two years. On Friday alone, the tech-heavy Nasdaq was higher by 1.7%, the Dow by 1.1%, and the S&P 500 by 1.2%. For the week, the S&P was higher by 1.2%. Talk of lower interest rates and continued AI blather were the primary drivers of last week’s gains.

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