Equity markets advanced in the prior week following the FOMC announcement. The FOMC reaffirmed three twenty-five basis point rate cuts this year, giving the market what it wanted. However, the FOMC remains non-committal to the timing of cuts and is watching the data. As it is, the data does not cooperate with inflation accelerating, oil prices rising, and resilient economic conditions.
The S&P 500 advanced more than 2.25% for the week, setting another fresh all-time high, and additional gains should be expected. With the all-clear given, the inflow of investment dollars should remain steady or not accelerate and drive the market upward. The risk is that the FOMC will not cut rates as quickly as expected, leading the market to correct over the summer. In that scenario, the sell-off could be quick and severe but short-lived, resulting in a buying opportunity for the back half when the Fed is likely to cut rates.
In the wake of the tumultuous COVID-19 pandemic, PayPal (NASDAQ: PYPL) emerged as a standout performer, riding the wave of digital transformation in payments. As 2020 unfolded, PayPal not only weathered the storm but thrived amidst the chaos, experiencing a surge in various key metrics. Total payment volume (TPV), revenue, and active accounts soared, propelling the company’s stock price to remarkable heights. Between March 2020 and February 2021, PYPL shares surged over 250%, reflecting investor confidence in its resilience and growth potential. However, the economic landscape proved dynamic and challenging, as PayPal faced headwinds in 2022 and 2023.
You’ve likely heard a million different warnings about the changes taking place in America;s financial system right now…
How the White House plans take the dollar fully digital…
Track and monitor every transaction you make… or possibly ban cash forever.
And with Bitcoin surging to new highs as institutions pour billions into the crypto market, some people are even predicting a crypto “attack on the dollar” in the near future.
Former President Donald Trump launched his social media platform, Truth Social, in early 2022, after he was banned from major sites such as Facebook and the former Twitter following the Jan. 6 insurrection
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