KWM - The Market Breaks New ALL-TIME HIGHS. May 17th, 2024

Inflation – Consumer Price Index

This week we received the April CPI report and with the better than expected inflation reading the S&P 500 broke out to new All Time Highs! We received an increase of 0.3% month over month better than the expected 0.4%. This reading continues to fuel the narrative of future rate cuts by the federal reserve this year. The reading also pushed bond yields lower supporting the overall market rally.

UP and Adam Report

The S&P 500 and DOW Jones break out to new all-time highs!

The Importance of Diversification.

Below is a chart that maps out the best performing sector, each year starting from 2014. You’ll also be able to analyze the worst performing sectors each year. It’s important to diversify your assets between sectors so you don’t find yourself jumping in and out of sectors; timing your entry’s and exits at the worst possible time. If its hard to view, you’ll find the PDF attached and this chart on page 7.

ANDREW M. B. KRITIKOS, CFP^®

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