NEWSLETTER - May 27, 2024

These are the 3 big risks to the stock market, economist says

• The S&P 500 and Nasdaq stock indexes closed at record highs on Tuesday.

• There are risks ahead, though: Federal Reserve policy, a surprise recession and disappointing company earnings, one economist said.

• Long-term investors should avoid the impulse to sell if the stock market falls.

Sourced from CNBC

As S&P 500 reaches fresh highs, experts say generative artificial intelligence will create new investment opportunities

• The S&P 500 had a record close on Tuesday.

• While some investors may fear a pullback, experts say it would be wise to watch for companies that are ahead with adopting generative artificial intelligence.

Sourced from CNBC

Federal Reserve minutes indicate worries over lack of progress on inflation

• “Participants observed that while inflation had eased over the past year, in recent months there had been a lack of further progress toward the Committee’s 2 percent objective,” the summary stated.

• The minutes also showed “various participants mentioned a willingness to tighten policy further should risks to inflation materialize in a way that such an action became appropriate.”

• The meeting followed a slew of readings that showed inflation was more stubborn than officials had expected to start 2024.

Sourced from CNBC