VIG Newsletter April 6 2024 Update

Jobs Strong. CPI and PPI next week!

April 06, 2024

Recap

The stock market started the second quarter with volatile price action following a strong start to the year. Ultimately, the major indices settled with decent losses. The Dow Jones Industrial Average (-2.3%) and Russell 2000 (-2.9%) each fell more than 2.0% and the S&P 500 and Nasdaq Composite declined 1.0% and 0.8%, respectively. The downside bias was related to a sharp increase in market rates amid some solid economic data and sticky inflation figures.

Vig Co. was flattish this week and beat the SP500.

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