Payne's Perspective: April 29, 2024: Will The Rebound Have Legs?
4/29/2024
It was the stock market's best week in six months, as corporate earnings results outweighed more evidence of persistent inflation. Bonds, however, could not shake off ‘higher for longer.’ Breadth was positive in every measure except new 52-week lows on the NASDAQ Composite. Growth Steps Up (again) Consumer Discretionary (XLY) and Technology (XLK) crushed it! The big news was fresh-faced winners in Technology (XLK). To read the full report, contact your account representative or email Info@wstreet.com.
Charles Payne
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