Is Not Broke – Recession Proof Wallet

Once the Bureau of Labor Statistics (BLS) released its March CPI report, the markets received their first ‘official’ glimpse of how the surge in energy prices following the Middle East war, has begun to impact the U.S. inflation setting.

The market’s enthusiasm for AI was palpable, with investors concluding that AI’s impact may just be starting and anticipating it will be a driving economic force in 2024 and beyond.

The possibility of more violence and a potential oil shortage have raised the cost of crude, lifted interest rates and sent stocks south just as the Nasdaq could have posted its 14th consecutive gain.