On Point Investment Strategy Statement

April Update

Ever since the December FOMC meeting, Federal Reserve Chair Jerome Powell has made it clear that the central bank does not want to cut rates before it is responsible to do so, but will start the rate cutting cycle as soon as it is responsible to do so. For the economy and the financial markets, the former headwind of Federal Reserve policy is likely to become a tailwind as rate cuts come into play. While the decline in yields from late October to the end of 2023 and expectations for lower policy rates this year provided common stocks with a push higher over the past five months, earnings will largely determine the path forward for stocks over the remainder of 2024.

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On Point Investment Strategy Statement

April Update

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