This past week, our investment committee meeting in Boca coincided with significant news: the Federal Reserve cut interest rates for the first time since 2020, lowering the federal funds rate by 50 basis points. This triggered an initial rally on Wednesday, which briefly paused but resumed with strong gains on Thursday, pushing the S&P 500 above the 5,700 mark for the first time.
After a week of significant declines, the stock market rebounded strongly, with the S&P 500 and Nasdaq posting their best weekly performances of the year, gaining 4% and 5.9%, respectively - nearly offsetting the losses from the previous week.
As you may know, our firm has deep roots in the golf community and we are very thankful for our professional relationship with the PGA Tour and its members.
As you may know, our firm has deep roots in the golf community and we are very thankful for the professional relationship with the PGA tour and it's members. For years our firm has sponsored numerous golf events on the PGA tour along with select golf professionals.
