U.S. Stocks Soar in January: A Promising Start to 2024

“However beautiful the strategy, you should occasionally look at the results.” –Winston Churchill

U.S. Stocks were positive in January as more Goldilocks economic data fueled investor optimism. U.S. gross domestic product (GDP) came at a +3.3% for Q4 2023, much stronger than the expected 2% gain. The Bureau of Economic Analysis said that the core personal consumption expenditures (PCE) price index rose 0.2% for December and only 2.9% year-over-year. Data is showing signs of a strong economy with moderate inflation, a recipe for the soft landing people dreamed about.