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Stocks ticked lower last week with the S&P 500 shedding 0.2% to close at 4,450.32. The index is now up 15.9% year to date, up 24.4% from its October 12 closing low of 3,577.03, and down 7.2% from its January 3, 2022 record closing high of 4,796.56. I spent the past week at FutureProof and Excell, two leading industry conferences for financial advisors. ....
Despite the decision taken by the MPC in 2022 under the leadership of the governor of the CBN, the leadership of the NBS recently, specifically less than two weeks ago, stated in its report that “The average 12-month annual inflation rate was 17.91 percent for the 12 months ending April 2023, this was 4.23 percent… ....