Morning Report 25 Mar 24: S&P 500 posts best weekly gain of the year

Last week's rollercoaster ride through the financial markets left investors reeling. What began as a promising surge ended on a surprisingly damp note. Amidst predictions of imminent rate cuts, the Federal Reserve's reassuring words sent the S&P 500 soaring to its best week of the year. However, skepticism lingers among observers regarding the feasibility of rate cuts, contrasting with the bond market's seemingly optimistic stance. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

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