VIG Newsletter Feb. 17 2024 Update

Rates up, breadth trending down - has the market peaked?

February 17, 2024

Recap

The stock market experienced mixed price action this week. Tuesday's trade featured a broad, sharp retreat in response to a hotter-than-expected CPI (actual 0.3%; Briefing.com consensus 0.2%) and core CPI (actual 0.4%; Briefing.com consensus 0.3%) for January, which also sent Treasury yields sharply higher. By the end of the week, however, the major indices managed to win back a lot of that lost ground.

The VIG Co. portfolio was down this week. We will not make any changes.

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