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Jeff Rivett - Market Update - March 2024

Updated: Mar 11

Please watch the latest market update by Jeff Rivett our lead portfolio manager.

Market Commentary - Stabilizing inflation and the hopes of interest rate cuts later this year led to a lot of optimism in the stock market throughout the month of February. As indicated in Jeff Rivett’s Video Market Update, we’re essentially seeing a continuation of what we experienced at the end of 2023 in terms of prices and general market behavior (and we’re not complaining about it!)

This month, the S&P 500 hit an all-time high and crossed the 5,000 mark which is a huge milestone. 73% of companies in the index that have reported Q4 earnings so far beat projections; obviously results like this steer the market in a positive direction by showing how resilient the economy and the consumer is. 

Leap day is historically a hit or miss in the markets and since it was a hit this year, we have our fingers crossed that this is a manifestation of what is to come for the rest of 2024! In case anyone is curious why 2020 isn’t on the chart – it isn’t because the world has tried to block this year from existence, it is simply because the 29th fell on a weekend.

If you have any questions, don’t hesitate to reach out to any member of our team.

- Your Creed Capital Management Team

The opinions expressed herein do not necessarily reflect those of National Bank Financial. The particulars contained herein were obtained from sources we believe to be reliable, but are not guaranteed by us and may be incomplete. The opinions expressed consider a number of factors including our analysis and interpretation of these particulars, such as historical data, and are not to be construed as a solicitation or offer to buy or sell the securities mentioned herein. Unit values and returns will fluctuate and past performance is not necessarily indicative of future performance. Important information regarding a fund may be found in the prospectus. The investor should read it before investing.

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