Block and Meta Continue to Lead In Payment, App Downloads

The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE), came in below or aligned with market expectations. This supports our prediction that rate cuts are on the horizon, likely starting in the upcoming months.Brief Market Overview We anticipate the economy will transition from the robust growth in 2023 to a slower pace in the latter half of 2024.The earnings season has largely concluded, with notable updates from companies such as Salesforce and Best Buy. Salesforc ...