Is global inflation peaking? Monday’s global growth outlook from the International Money Fund offers a new perspective. • A stellar January for stocks has market analysts feeling bullish. Sarah Min and Samantha Subin of CNBC take a look at the numbers behind their optimism. • It’s time to ask your aging parents about their retirement plans. Failure to plan together could result in financial disaster for everyone concerned, as Erin Lowry explains for Bloomberg.
IMF Raises Global Growth Forecasts As Inflation Eases — The IMF expects the economy to rebound in 2024, with its chief economist Pierre-Olivier Gourinchas saying “a global recession is not in our baseline.” Global inflation is set to fall from 8.8% in 2022 (annual average) to 6.6% this year and 4.3% in 2024. Read more…
S&P 500 Caps Best January In 4 Years — A solid January could be a good sign for the market, and potentially foreshadow a continued uptick in the months that follow. Of the five instances in which the S&P gained more than 5% in January after a negative year, the benchmark index rose 30% for the year on average. Read more…
Are NextGen Investors Ready To Care For Boomer Parents? — This year, the eldest baby boomers will turn 77, and those born in 1964 (the tail end of the generation) will turn 59. It may seem early to raise the warning that millennials should start to strategize how to care for their parents, but not so much when you consider life expectancy rates. Read more…
John R. Day, Bill Ennis, and Matt Heller