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- VIG Newsletter March 23 2024
VIG Newsletter March 23 2024
Are Small Caps The Place To Be?
Recap
The stock market had a strong showing this week, which drove the three major indices to fresh record highs. The S&P 500 for its part closed above 5,200 for the first time with a 2.3% gain this week. The Nasdaq Composite jumped 2.9% and the Dow Jones Industrial Average gained 2.0%.
Rate cut expectations moved up this week, contributing to the positive bias in the stock market. The implied likelihood of a June cut rose to 75.4% from 58.8% last week, according to the CME FedWatch Tool.
The VIG Co. portfolio was up slightly this week and we have a neutral profile heading into Monday’s session.
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