April 2024 SMID Review
May 7, 2024
April marked a change in investor sentiment from the positive aura that surrounded the first quarter results. The first quarter saw investors feeling more comfortable with the macro-economic data – the US economy continued to improve steadily while inflation seemed to be moderating. As April began, some investors were even calling for a “no landing” scenario, with no interest rate cuts, but above-trend economic growth and more dependable corporate profit growth. This, it was hoped, would provide a solid platform for stocks to move higher.
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