Welcome to the WOLF Financial Newsletter.

Join over 14,000 savvy investors building wealth and mastering advanced investing strategies live on Twitter Spaces. Subscribe below to be part of the action:

WOLF Financial has driven liquidity, user growth, and brand awareness across TradFi and Crypto through marketing, advisory, and partnership services. See more Here.

🚨Top Tweet of the Week!🚨

This Week’s Market Recap… 📊

The S&P 500 closed above 6,125 for the first time ever on Wednesday, continuing its strong start to the year. Despite ongoing political noise and economic uncertainty, markets remain resilient, with the index up 4.24% YTD. Some strategists are now reconsidering their year-end targets.

Key Economic Updates:

Housing Starts: Single-family starts fell 8.4% from December, reinforcing the ongoing housing recession. With mortgage rates still elevated, further weakness is likely.

Jobless Claims: Slightly above expectations, but not at concerning levels. No major labor market red flags for now.

Earnings Spotlight: Walmart

The stock surged 70% over the past year as consumers favored value over competitors like Target.

Earnings were solid, but weak guidance led to a 6.5% drop on Thursday.

Historically, Walmart guides conservatively and then outperforms—this pullback seems warranted but not alarming.

Market Outlook: Earnings Will Drive 2024

The past two years saw markets climb mostly due to multiple expansions rather than earnings growth. This raised concerns that valuations were stretched. Now, earnings are growing, which means stocks can rise without needing further multiple expansion.

We remain bullish and expect the S&P 500 to reach 7,000 by year-end.

My Schedule This Week!

Have a Blessed Weekend!

Disclaimer: Wolf Financial does NOT offer financial advice. All content provided is strictly for informational purposes. Wolf Financial is not registered as an investment, legal, or tax advisor, nor as a broker/dealer. Please be aware that trading any stock or crypto-related asset carries inherent risks and may lead to substantial capital losses.