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By Staff Reporters
APRIL FOOL’S DAY
April Fools’ Day customs date back to at least Renaissance Europe, but it’s likely the tradition originated long before then. Some historians have linked April Fools’ Day to the ancient Roman festival of “Hilaria,” where at the end of March, people would come together to commemorate the resurrection of the god Attis. It was a celebration of renewal in which revelers would dress up in disguises and imitate others.
It’s also possible that the medieval celebration of the Feast of Fools, where a mock bishop or pope was elected and church customs were parodied, could have inspired the day.
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Stocks had their best Q1 in five years. The S&P 500 ended Thursday—the last trading day of the quarter—up by more than 10%, marking its best start to a year since 2019.
The AI craze, record corporate profits, and optimism around cooling inflation are all contributing to the stock boom. The economy got more good news yesterday when the Stocks had their best Q1 in five years reported that several key gauges, including GDP and consumer spending, grew in Q4 of last year.
And, that’s not all: Home sales bounced back after a January slump, jobless claims fell, and advertisers raised their full-year forecast. Consumer sentiment is now at its highest level since 2021.
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Filed under: "Ask-an-Advisor", Breaking News, Financial Planning, Investing, LifeStyle, Portfolio Management, Risk Management | Tagged: April Fool, April Fool's Day, Attis, BEA, Bureau of Economic Analysis, CBOE, DJIA, DOW, Feast of Fools, Hilaria, home sales, NASDAQ, National Bureau of Economic Research, NYC, S&P 500, VIX | Leave a comment »
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