Market Recap Week Ended January 26, 2024

U.S. stocks mostly pulled back Tuesday as a hotter-than-expected core inflation reading and another jump in oil prices cooled the recent rally, especially in high-flying semiconductor names.

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Many 401(k) investors think of bond funds as the “safe” or conservative part of their retirement savings. While they’re generally less volatile than stocks, bond funds don’t always hold steady—they rise and fall in value for several reasons. 

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I want to start off the week by sending congratulations out to all the graduates! I know several of our local high schools, as well as our universities, held ceremonies this past weekend.

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