{"id":2167,"date":"2024-02-26T13:21:45","date_gmt":"2024-02-26T17:21:45","guid":{"rendered":"https:\/\/wellspringwealth.com\/?p=2167"},"modified":"2024-02-26T13:21:45","modified_gmt":"2024-02-26T17:21:45","slug":"market-commentary-optimism-abounds","status":"publish","type":"post","link":"https:\/\/wellspringwealth.com\/2024\/02\/26\/market-commentary-optimism-abounds\/","title":{"rendered":"Market Commentary \u2013 Optimism abounds!"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-one-full fusion-column-first fusion-column-last\" style=\"--awb-bg-blend:overlay;--awb-bg-size:cover;--awb-margin-bottom:0px;\"><div class=\"fusion-column-wrapper fusion-flex-column-wrapper-legacy\"><div class=\"fusion-text fusion-text-1\"><p><span style=\"color: #008000;\"><strong>The Markets<\/strong><\/span><\/p>\n<p>Optimism abounds!<\/p>\n<p>Enthusiasm for everything related to artificial intelligence (AI) drove a global stock market rally last week. Equity markets in the United States, Europe, and Japan hit all-time highs after a leading chipmaker reported better-than-expected earnings and an extraordinary surge in demand for its artificial intelligence-targeted processors, wrote Rita Nazareth of <em>Bloomberg<\/em>.<\/p>\n<p>Investors took the news \u201cas evidence that the generative AI boom is both real and spreading. [The company\u2019s] spectacular earnings report and forward guidance are spurring investors to buy shares of almost any company with a stake in the AI race\u2014everything from computer and networking hardware providers to cloud computing plays to enterprise application software,\u201d reported Eric J. Savitz of <em>Barron\u2019s<\/em>.<\/p>\n<p>Investors weren\u2019t the only ones feeling optimistic last week. Economists who participated in a February Bloomberg survey expect the U.S. economy to grow this year and next year, although a significant minority say that a recession is possible in 2025, reported Augusta Saraiva and Kyungjin Yoo of <em>Bloomberg<\/em>. They cited a source who stated:<\/p>\n<p>\u201cThe U.S. economy remains the envy of the world\u2026Both real economic growth and employment growth remain strong while inflation rates and interest rates are falling.\u201d<\/p>\n<p>Chief executive officers (CEOs) are feeling optimistic, too. The Conference Board Measure of CEO Confidence\u2122 survey found that CEOs are feeling much better than they did at the end of last year.<\/p>\n<ul>\n<li>32% said economic conditions were better than they were six months ago (up from 18% in the fourth quarter).<\/li>\n<\/ul>\n<ul>\n<li>31% said conditions in their industries were better than they were six months ago (up from 27% in the fourth quarter).<\/li>\n<\/ul>\n<ul>\n<li>36% expect economic conditions to improve over the next six months (up from 19% in the fourth quarter).<\/li>\n<\/ul>\n<p>Last week, major U.S. stock indices moved higher, yields on longer maturities of U.S. Treasuries moved lower.<\/p>\n<table border=\"\u201d1\u201d\" cellspacing=\"\u201d0\u201d\" cellpadding=\"\u201d3\u201d\">\n<tbody>\n<tr>\n<td width=\"246\"><strong>Data as of 2\/23\/24<\/strong><\/td>\n<td width=\"66\"><strong>1-Week<\/strong><\/td>\n<td width=\"66\"><strong>YTD<\/strong><\/td>\n<td width=\"66\"><strong>1-Year<\/strong><\/td>\n<td width=\"60\"><strong>3-Year<\/strong><\/td>\n<td width=\"60\"><strong>5-Year<\/strong><\/td>\n<td width=\"72\"><strong>10-Year<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"246\">Standard &amp; Poor&#8217;s 500 Index<\/td>\n<td width=\"66\">1.7%<\/td>\n<td width=\"66\">6.7%<\/td>\n<td width=\"66\">26.8%<\/td>\n<td width=\"60\">9.5%<\/td>\n<td width=\"60\">12.7%<\/td>\n<td width=\"72\">10.7%<\/td>\n<\/tr>\n<tr>\n<td width=\"246\">Dow Jones Global ex-U.S. Index<\/td>\n<td width=\"66\">1.2<\/td>\n<td width=\"66\">1.5<\/td>\n<td width=\"66\">9.1<\/td>\n<td width=\"60\">-2.4<\/td>\n<td width=\"60\">2.9<\/td>\n<td width=\"72\">1.7<\/td>\n<\/tr>\n<tr>\n<td width=\"246\">10-year Treasury Note (yield only)<\/td>\n<td width=\"66\">4.3<\/td>\n<td width=\"66\">N\/A<\/td>\n<td width=\"66\">3.9<\/td>\n<td width=\"60\">1.4<\/td>\n<td width=\"60\">2.7<\/td>\n<td width=\"72\">2.8<\/td>\n<\/tr>\n<tr>\n<td width=\"246\">Gold (per ounce)<\/td>\n<td width=\"66\">1.5<\/td>\n<td width=\"66\">-2.5<\/td>\n<td width=\"66\">11.0<\/td>\n<td width=\"60\">4.1<\/td>\n<td width=\"60\">8.8<\/td>\n<td width=\"72\">4.3<\/td>\n<\/tr>\n<tr>\n<td width=\"246\">Bloomberg Commodity Index<\/td>\n<td width=\"66\">-0.9<\/td>\n<td width=\"66\">-3.3<\/td>\n<td width=\"66\">-10.0<\/td>\n<td width=\"60\">3.3<\/td>\n<td width=\"60\">3.3<\/td>\n<td width=\"72\">-3.3<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>S&amp;P 500, Dow Jones Global ex-US, Gold, Bloomberg Commodity Index returns exclude reinvested dividends (gold does not pay a dividend) and the three-, five-, and 10-year returns are annualized; and the 10-year Treasury Note is simply the yield at the close of the day on each of the historical time periods. Sources: Yahoo! Finance; MarketWatch; djindexes.com; U.S. Treasury; London Bullion Market Association. Past performance is no guarantee of future results. Indices are unmanaged and cannot be invested into directly. N\/A means not applicable.<strong>\u00a0<\/strong><\/p>\n<p><span style=\"color: #008000;\"><strong>WHAT INFLUENCES STOCK MARKETS? <\/strong><\/span><\/p>\n<p>People use all kinds of information to make investment decisions. Benjamin Graham, who was Warren Buffett\u2019s mentor, thought the proper approach was to evaluate company fundamentals. Graham wrote, \u201cThe stock investor is neither right or wrong because others agreed or disagreed with him; he is right because his facts and analysis are right.\u201d<\/p>\n<p><strong>\u00a0<\/strong>British economist John Maynard Keynes cautioned that how \u201cothers\u201d think about stocks can have a significant effect on performance. Keynes is famous for saying, \u201cMarkets can remain irrational longer than you can remain solvent.\u201d<\/p>\n<p>Meme stocks, which are shares of companies that become popular through social media, demonstrated Keynes\u2019 point. These companies often have poor fundamentals, but their stock prices soar because they are well-liked online. Social sentiment indicators use aggregated social media data to evaluate how people feel about companies. These data can be valuable to asset managers because digital influence can affect stock prices.<\/p>\n<p>While tracking digital sentiment is relatively new, some surveys have measured how people feel about the economy and financial markets for decades. These include:<\/p>\n<ul>\n<li><strong>The University of Michigan Index of Consumer Sentiment<\/strong>. The index ticked higher in February. Over the last three months, it has seen the sharpest gains in 30 years; however, consumer sentiment remains below the index\u2019s long-term average, reported Christopher Rugaber of the Associated Press.<\/li>\n<li><strong>The AAII Investor Sentiment Survey<\/strong>. Investors remained more bullish than usual last week with 44.3 percent saying they expected markets to move higher over the next six months. The historic average is 37.5 percent bullish.<\/li>\n<\/ul>\n<p>Many factors affect the value of stocks and stock markets. \u201c\u2026Investor confidence is only one of many forces on the market. Stock prices are of course determined by supply and demand, and there are numerous factors that affect these, fundamental factors, legal, tax-related, demographic, technological, international, as well as other psychological factors related to attention, regret, anchoring, and availability,\u201d explained the International Center for Finance at Yale University.<\/p>\n<p>Stock market performance also can be affected by geopolitical factors, like conflict in Ukraine and the Middle East.<\/p>\n<p><span style=\"color: #008000;\"><strong>Weekly Focus \u2013 Think About It \u00a0<\/strong><\/span><\/p>\n<p>\u201cA long habit of not thinking a thing wrong gives it a superficial appearance of being right.\u201d<\/p>\n<p style=\"text-align: right;\"><em>\u2014Thomas Paine, founding father <\/em><\/p>\n<\/div><div class=\"fusion-text fusion-text-2\"><p>Sincerely,<br \/>\nYour Team at Wellspring Wealth<\/p>\n<\/div><div class=\"fusion-builder-row fusion-builder-row-inner fusion-row\"><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-0 fusion_builder_column_inner_1_6 1_6 fusion-one-sixth fusion-column-first\" style=\"--awb-bg-size:cover;width:16.666666666667%;width:calc(16.666666666667% - ( ( 5px + 5px + 5px + 5px + 5px ) * 0.16666666666667 ) );margin-right: 5px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-image-element in-legacy-container\" style=\"--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-1 hover-type-none\"><img decoding=\"async\" width=\"200\" height=\"300\" title=\"DavidGlover_2018\" src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/DavidGlover_2018.png\" data-orig-src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/DavidGlover_2018-200x300.png\" alt class=\"lazyload img-responsive wp-image-431\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27300%27%20height%3D%27449%27%20viewBox%3D%270%200%20300%20449%27%3E%3Crect%20width%3D%27300%27%20height%3D%27449%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/DavidGlover_2018-200x299.png 200w, https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/DavidGlover_2018.png 300w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 800px) 100vw, 200px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-3\"><p>David Glover<br \/>\nAIF\u00ae<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-1 fusion_builder_column_inner_1_6 1_6 fusion-one-sixth\" style=\"--awb-bg-size:cover;width:16.666666666667%;width:calc(16.666666666667% - ( ( 5px + 5px + 5px + 5px + 5px ) * 0.16666666666667 ) );margin-right: 5px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-image-element in-legacy-container\" style=\"--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-2 hover-type-none\"><img decoding=\"async\" width=\"200\" height=\"300\" title=\"DennisWright_2018\" src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/DennisWright_2018.png\" data-orig-src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/DennisWright_2018-200x300.png\" alt class=\"lazyload img-responsive wp-image-432\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27300%27%20height%3D%27449%27%20viewBox%3D%270%200%20300%20449%27%3E%3Crect%20width%3D%27300%27%20height%3D%27449%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/DennisWright_2018-200x299.png 200w, https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/DennisWright_2018.png 300w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 800px) 100vw, 200px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-4\"><p>Dennis Wright<br \/>\nAEP\u00ae, ChFC\u00ae, CLU\u00ae<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-2 fusion_builder_column_inner_1_6 1_6 fusion-one-sixth\" style=\"--awb-bg-size:cover;width:16.666666666667%;width:calc(16.666666666667% - ( ( 5px + 5px + 5px + 5px + 5px ) * 0.16666666666667 ) );margin-right: 5px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-image-element in-legacy-container\" style=\"--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-3 hover-type-none\"><img decoding=\"async\" width=\"200\" height=\"300\" title=\"MarkWinston_2018\" src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/MarkWinston_2018.png\" data-orig-src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/MarkWinston_2018-200x300.png\" alt class=\"lazyload img-responsive wp-image-435\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27300%27%20height%3D%27449%27%20viewBox%3D%270%200%20300%20449%27%3E%3Crect%20width%3D%27300%27%20height%3D%27449%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/MarkWinston_2018-200x299.png 200w, https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/03\/MarkWinston_2018.png 300w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 800px) 100vw, 200px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-5\"><p>Mark Winston<br \/>\nCFP\u00ae, AIF\u00ae<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-3 fusion_builder_column_inner_1_6 1_6 fusion-one-sixth\" style=\"--awb-bg-size:cover;width:16.666666666667%;width:calc(16.666666666667% - ( ( 5px + 5px + 5px + 5px + 5px ) * 0.16666666666667 ) );margin-right: 5px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-image-element in-legacy-container\" style=\"--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-4 hover-type-none\"><img decoding=\"async\" width=\"200\" height=\"300\" title=\"AndrewWright_2018\" src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/04\/AndrewWright_2018.png\" data-orig-src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/04\/AndrewWright_2018-200x300.png\" alt class=\"lazyload img-responsive wp-image-467\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27300%27%20height%3D%27449%27%20viewBox%3D%270%200%20300%20449%27%3E%3Crect%20width%3D%27300%27%20height%3D%27449%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/04\/AndrewWright_2018-200x299.png 200w, https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/04\/AndrewWright_2018.png 300w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 800px) 100vw, 200px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-6\"><p>Andrew Wright<br \/>\nCFP\u00ae, AIF\u00ae<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-4 fusion_builder_column_inner_1_6 1_6 fusion-one-sixth\" style=\"--awb-bg-size:cover;width:16.666666666667%;width:calc(16.666666666667% - ( ( 5px + 5px + 5px + 5px + 5px ) * 0.16666666666667 ) );margin-right: 5px;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-image-element in-legacy-container\" style=\"--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-5 hover-type-none\"><img decoding=\"async\" width=\"200\" height=\"300\" title=\"ValeriBishop_2018\" src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/05\/ValeriBishop_2018-1.png\" data-orig-src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/05\/ValeriBishop_2018-1-200x300.png\" alt class=\"lazyload img-responsive wp-image-529\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27300%27%20height%3D%27449%27%20viewBox%3D%270%200%20300%20449%27%3E%3Crect%20width%3D%27300%27%20height%3D%27449%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-srcset=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/05\/ValeriBishop_2018-1-200x299.png 200w, https:\/\/wellspringwealth.com\/wp-content\/uploads\/2018\/05\/ValeriBishop_2018-1.png 300w\" data-sizes=\"auto\" data-orig-sizes=\"(max-width: 800px) 100vw, 200px\" \/><\/span><\/div><div class=\"fusion-text fusion-text-7\"><p>Valeri Bishop<br \/>\nAIF\u00ae<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column_inner fusion-builder-nested-column-5 fusion_builder_column_inner_1_6 1_6 fusion-one-sixth fusion-column-last\" style=\"--awb-bg-size:cover;width:16.666666666667%;width:calc(16.666666666667% - ( ( 5px + 5px + 5px + 5px + 5px ) * 0.16666666666667 ) );\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-column-wrapper-legacy\"><div class=\"fusion-image-element in-legacy-container\" style=\"--awb-caption-title-font-family:var(--h2_typography-font-family);--awb-caption-title-font-weight:var(--h2_typography-font-weight);--awb-caption-title-font-style:var(--h2_typography-font-style);--awb-caption-title-size:var(--h2_typography-font-size);--awb-caption-title-transform:var(--h2_typography-text-transform);--awb-caption-title-line-height:var(--h2_typography-line-height);--awb-caption-title-letter-spacing:var(--h2_typography-letter-spacing);\"><span class=\" fusion-imageframe imageframe-none imageframe-6 hover-type-none\"><img decoding=\"async\" width=\"200\" height=\"300\" title=\"Head shot WMC\" src=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%27200%27%20height%3D%27299%27%20viewBox%3D%270%200%20200%20299%27%3E%3Crect%20width%3D%27200%27%20height%3D%27299%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-orig-src=\"https:\/\/wellspringwealth.com\/wp-content\/uploads\/2022\/03\/Head-shot-WMC-200x300.jpg\" alt class=\"lazyload img-responsive wp-image-1536\"\/><\/span><\/div><div class=\"fusion-text fusion-text-8\"><p>Dan O&#8217;Rourke<br \/>\nCFP\u00ae<\/p>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-separator fusion-full-width-sep\" style=\"margin-left: auto;margin-right: auto;width:100%;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"--awb-height:20px;--awb-amount:20px;border-color:#e0dede;border-top-width:1px;\"><\/div><\/div><div class=\"fusion-sep-clear\"><\/div><div class=\"fusion-text fusion-text-9\"><p><strong>Sources:<\/strong><\/p>\n<div style=\"font-size: 9pt;\">\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-21\/stock-market-today-dow-s-p-live-updates?srnd=premium\">https:\/\/www.bloomberg.com\/news\/articles\/2024-02-21\/stock-market-today-dow-s-p-live-updates?srnd=premium<\/a> (<em>or go to <\/em><a href=\"https:\/\/resources.carsongroup.com\/hubfs\/WMC-Source\/2024\/02-26-24_Bloomberg_Stocks%20Around%20World%20Are%20Swept%20Up%20in%20AI%20Rally_1.pdf\">https:\/\/resources.carsongroup.com\/hubfs\/WMC-Source\/2024\/02-26-24_Bloomberg_Stocks%20Around%20World%20Are%20Swept%20Up%20in%20AI%20Rally_1.pdf<\/a>)<\/p>\n<p><a href=\"https:\/\/www.barrons.com\/articles\/nvidia-ai-boom-amd-arm-super-micro-palantir-stock-price-29554905?mod=Searchresults\">https:\/\/www.barrons.com\/articles\/nvidia-ai-boom-amd-arm-super-micro-palantir-stock-price-29554905?mod=Searchresults<\/a> (<em>or go to<\/em> <a href=\"https:\/\/resources.carsongroup.com\/hubfs\/WMC-Source\/2024\/02-26-24_Barrons_Nvidias%20AI%20Boom%20Spurs%20Other%20Stocks_2.pdf\">https:\/\/resources.carsongroup.com\/hubfs\/WMC-Source\/2024\/02-26-24_Barrons_Nvidias%20AI%20Boom%20Spurs%20Other%20Stocks_2.pdf<\/a>)<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-02-23\/recession-odds-dropping-as-economists-boost-us-growth-outlook\">https:\/\/www.bloomberg.com\/news\/articles\/2024-02-23\/recession-odds-dropping-as-economists-boost-us-growth-outlook<\/a> (<em>or go to<\/em> <a href=\"https:\/\/resources.carsongroup.com\/hubfs\/WMC-Source\/2024\/02-26-24_Bloomberg_Economists%20Lower%20Recession%20Forecasts%20to%2040%25_3.pdf\">https:\/\/resources.carsongroup.com\/hubfs\/WMC-Source\/2024\/02-26-24_Bloomberg_Economists%20Lower%20Recession%20Forecasts%20to%2040%25_3.pdf<\/a>)<\/p>\n<p><a href=\"https:\/\/www.conference-board.org\/topics\/CEO-Confidence\">https:\/\/www.conference-board.org\/topics\/CEO-Confidence<\/a><\/p>\n<p><a href=\"https:\/\/www.barrons.com\/market-data?mod=BOL_TOPNAV\">https:\/\/www.barrons.com\/market-data?mod=BOL_TOPNAV<\/a> (<em>or go to<\/em> <a href=\"https:\/\/resources.carsongroup.com\/hubfs\/WMC-Source\/2024\/02-26-24_Barrons%20Data_5.pdf\">https:\/\/resources.carsongroup.com\/hubfs\/WMC-Source\/2024\/02-26-24_Barrons%20Data_5.pdf<\/a>)<\/p>\n<p><a href=\"https:\/\/home.treasury.gov\/resource-center\/data-chart-center\/interest-rates\/TextView?type=daily_treasury_yield_curve&amp;field_tdr_date_value_month=202402\">https:\/\/home.treasury.gov\/resource-center\/data-chart-center\/interest-rates\/TextView?type=daily_treasury_yield_curve&amp;field_tdr_date_value_month=202402<\/a><sup>7<\/sup> <a href=\"https:\/\/www.investopedia.com\/terms\/b\/bengraham.asp\">https:\/\/www.investopedia.com\/terms\/b\/bengraham.asp<\/a><\/p>\n<p><a href=\"https:\/\/www.goodreads.com\/work\/quotes\/102974-the-intelligent-investor-the-definitive-book-on-value-investing-a-book\">https:\/\/www.goodreads.com\/work\/quotes\/102974-the-intelligent-investor-the-definitive-book-on-value-investing-a-book<\/a><\/p>\n<p><a href=\"https:\/\/www.goodreads.com\/author\/quotes\/159357.John_Maynard_Keynes\">https:\/\/www.goodreads.com\/author\/quotes\/159357.John_Maynard_Keynes<\/a><\/p>\n<p><a href=\"https:\/\/www.cnbc.com\/select\/what-is-a-meme-stock\/\">https:\/\/www.cnbc.com\/select\/what-is-a-meme-stock\/<\/a><\/p>\n<p><a href=\"https:\/\/www.finra.org\/investors\/insights\/social-sentiment-investing-tools\">https:\/\/www.finra.org\/investors\/insights\/social-sentiment-investing-tools<\/a><\/p>\n<p><a href=\"https:\/\/apnews.com\/article\/economy-consumer-sentiment-election-f8d57248f2d3eff85c9fe391e41e21dd\">https:\/\/apnews.com\/article\/economy-consumer-sentiment-election-f8d57248f2d3eff85c9fe391e41e21dd<\/a><\/p>\n<p><a href=\"https:\/\/www.aaii.com\/sentimentsurvey\">https:\/\/www.aaii.com\/sentimentsurvey<\/a><\/p>\n<p><a href=\"https:\/\/som.yale.edu\/centers\/international-center-for-finance\/data\/stock-market-confidence-indices\/united-states\">https:\/\/som.yale.edu\/centers\/international-center-for-finance\/data\/stock-market-confidence-indices\/united-states<\/a><\/p>\n<p><a href=\"https:\/\/www.axios.com\/2023\/12\/11\/world-economy-threat-geopolitics-2024\">https:\/\/www.axios.com\/2023\/12\/11\/world-economy-threat-geopolitics-2024<\/a><\/p>\n<p><a href=\"https:\/\/www.brainyquote.com\/quotes\/thomas_paine_161749?src=t_thinking\">https:\/\/www.brainyquote.com\/quotes\/thomas_paine_161749?src=t_thinking<\/a><\/p>\n<\/div>\n<\/div><div class=\"fusion-clearfix\"><\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Market Commentary \u2013 Optimism abounds! - Wellspring Wealth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wellspringwealth.com\/2024\/02\/26\/market-commentary-optimism-abounds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Market Commentary \u2013 Optimism abounds! - Wellspring Wealth\" \/>\n<meta property=\"og:url\" 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