From Nasdaq: 2024-04-01 10:17:19

Nasdaq’s IR team shares Q1 market winners like cocoa and bitcoin, while U.S. large-cap stocks impress with a 10.6% return, but are deemed overvalued by BofA. Wall Street cheers easy money and a resilient economy, while a tug-of-war continues between momentum and small stocks. Concerns about inflation and geopolitical risks emerge. Piper Sandler highlights the importance of quality and profitable stocks in a momentum trade. Key economic indicators show continuing slightly elevated inflation and improving consumer sentiment, supported by the Fed’s dovish talk. This week promises a busy macro calendar with Friday’s jobs report as the highlight. In other news, various developments include a $20 minimum wage for half a million California workers, a temporary shipping route in Baltimore due to bridge wreckage, China’s robust factory activity, Japan’s concerns about speculative moves in the currency market, and shifts in the global steel and automotive industries. Oil and energy headlines feature Saudi Arabia’s potential hike in May crude oil prices to Asia, US oil suppliers penetrating OPEC+ markets, and other geopolitical and market updates.



Read more at Nasdaq:: Inflation Warnings as Gold Continues to Climb