Market Analysis - 29 September 2024

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 Hello McFinancers! This week’s market analysis.

A Word From Our Sponsor:

Hard Asset Alliance is a prominent and reputable platform in the world of hard asset investing. As an organization, they specialize in providing individuals and institutional investors with a secure and straightforward way to access a diverse range of tangible assets, such as precious metals like gold, silver, and other commodities. With a strong focus on transparency, reliability, and expert guidance, Hard Asset Alliance empowers investors to diversify their portfolios effectively and protect their wealth against economic uncertainties.

Latest Market Analysis

Index / Item

    Last Weeks Price

        This Weeks Price

            Change

S&P 500 1

    $5,702.55

        $5,738.17

            0.62%

Dow Jones 1

    $42,063.36

        $42,313

            0.59%

Nasdaq 1

    $17,948.23

        $18,119.59

            0.95%

Bitcoin 1   

    $63,671

        $65,829

            3.39%

Ethereum 1

    $2,540

        $2,670

            5.12%

Gold 1

    $2,646

        $2,680

            1.28%

Silver 1

    $31.51

        $31.82

            0.98%

USD CPI Rate 2

    21.41%

        1.48%

            +0.07%


Overall: The past few weeks have been relatively positive for the markets, largely driven by the US Federal Reserve's recent decision to cut interest rates. This move typically signals a shift toward a quantitative easing (QE) policy, aimed at facilitating the flow of capital into the markets. Such measures are intended to boost consumer spending and stimulate economic growth. However, investors should remain cautious, as recent weeks have also seen significant macroeconomic factors influencing market fluctuations—some propelling gains while others have led to declines.

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1 Prices are taken at 4 PM Eastern Time on Friday afternoon

2 CPI Rate is provided by Truflation

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