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Ayako Yoshioka, CFA®, Senior Portfolio Manager at Wealth Enhancement Group was interviewed on Yahoo! Finance in “Stocks Sink on July Jobs Report, Amazon and Intel Reports.”  

Ayako Yoshioka, CFA®, Senior Portfolio Manager at Wealth Enhancement Group was interviewed on Yahoo! Finance in “Stocks Sink on July Jobs Report, Amazon and Intel Reports.”  

“It’s tough to make predictions, especially about the future” is a famous quote from Yogi Berra. We began the year with many predicting a recession of varying degrees, followed by a Federal Reserve rate-cutting cycle that would be welcomed by financial markets. We got neither. 

Q1 2024 continued the steady march higher from the lows of October 2023. As Chart I shows above, the market’s climb maps a saw-tooth path upward and to the right.

Negativity typified markets in this holiday-shortened week with the Dow down over 2.6% on the week as I type.