Sweat Your Assets Monthly Digest - May 2024

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MARKET BAROMETER

An eye view of Stock Market Indicators:

• US Fed Funds Benchmark Rates: 5.25-5-50 

No changes. The US Federal Reserve has held interest rates at a 23-year high amid stubborn cost-of-living increases. During its May meeting for the sixth consecutive time, the Federal Reserve kept the target range for the federal funds rate unchanged at 5.25%—5.50%, as ongoing inflationary pressures and a tight labor market indicate a stall in progress toward bringing inflation back down to its 2% target this year (Source: Federal Reserve).

• ECB Interest Rates: 4.50 

No changes. The European Central Bank maintained interest rates at record-high levels.  The rate remains unchanged at a 22-year high of 4.5%.

• Key Indicators:

• Asset Class Returns, Q1 2024

SWEAT YOUR ASSETS QUOTES

• Opulent taste & Livestyle. (Donald Trump's) conspicuous consumption is a poor person's idea of a rich man. Frank Lebowitz 
• Timeless wisdom. People spend too much time on the last 24 hours and not enough time on the last 6,000 years. Will Durant
• Entrepreneurship. Stop thinking you need an MBA. Stop thinking you need to be in Silicon Valley. Stop thinking you need investors. What you need is tolerance for risk. You need passion. And, above all else, you need an idea. Marc Randolph (Netflix co-founder)

SWEAT YOUR ASSETS PODCASTS

Check out my latest Podcast Episodes on your favorite Players. 

Until next month...Keep it Real and Sweat Your Assets.

Alessandro BARONI

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