Jerome K. Jerome 1859 – 1927
Jerome K Jerome was an English writer and humourist, best known for the comic travelogue ‘Three Men in a Boat.’
The weather is like the government, always in the wrong
Nasdaq 100 hits new record high 19th January 2024
The Nasdaq 100 climbed to a new high of: 17314 on 19th January 2024
The NASDAQ 100 Index is a widely used benchmark for the performance of the technology sector in the U.S. market.
It consists of 100 of the largest non-financial companies listed on the NASDAQ stock exchange. Some of the top components of the index are Apple Inc., Microsoft Corporation, Amazon.com Inc., Alphabet Inc., and Meta Inc.
Some analysts however are warning that the Nasdaq is due a correction.
It is up around 20% from a low point in late October 2023 and some analysts warn that the tech sector is overvalued and may face a correction.
S&P 500 hits new record high 19th January 2024
The S&P 500 index reached a new all-time high of 4,839.81 on Friday, January 19, 2024.
This was the first time the index closed above its previous high set January 3rd 2022. The rally was driven by strong earnings from the magnificent 7 tech giants such as Nvidia and Microsoft.
The expectation of a Fed interest rate cut later this year also helped the S&P500 break new ground.
S&P 500 One Year Chart – New High 4839.81
