FORM CRS
VISIT SIERRA MUTUAL FUNDS
ACCESS YOUR ACCOUNT
Search
Close this search box.
VISIT SIERRA MUTUAL FUNDS
ACCESS YOUR ACCOUNT
Search
Close this search box.
VISIT SIERRA MUTUAL FUNDS
ACCESS YOUR ACCOUNT
Search
Close this search box.
Sierra Investment Management Logo

James St. Aubin Provides Commentary to Reuters on Wall Street’s Reaction to Weak GDP Growth

Reuters
NEW YORK, April 25 (Reuters) – Wall Street stocks closed lower on Thursday as markets were stunned by data showing slower-than-expected U.S. economic growth and persistent inflation, coupled with a sell-off in large cap stocks triggered by disappointing results from Meta Platforms (META.O).
 
Data on Thursday showed that the U.S. economy grew at its slowest pace in nearly two years in the first quarter while inflation accelerated, dampening hopes that the Federal Reserve would begin cutting interest rates this year.

The thoughts and opinions expressed in the article are solely those of the person speaking as of 4/25/2024, and not necessarily those of Sierra and are provided for informational purposes only. Any opinion or estimate contained in this article is made on a general basis and is not to be relied upon by the reader as advice. The reader must make his/her own assessment of the relevance, accuracy, and adequacy of the information contained in this article, and make such independent investigations as he/she may consider necessary or appropriate for the purpose of such assessment.

0135-SI00XCOM 06272024

 

You are now leaving Sierra Investment Management and entering the Charles Schwab client portal.

You are now leaving the Sierra Investment Management, Inc. website and entering the Sierra Mutual Funds website.

The Sierra Mutual Funds are managed by Ocean Park Asset Management, LLC, an affiliate of Sierra Investment Management, Inc.