The first half of the year is now in the books, and markets continued to perform well but were dominated by just a few names. For the first six months, the S&P 500 was up 14%, but 30% of that return was attributed to Nvidia which rose by 149% as the AI hype continued. Click HERE to continue reading out market update.
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The first quarter turned out to be more of the same for markets, with stocks (S&P 500) up 10%, continuing the strong momentum of 2023. Any weakness only lasted a couple of days and investors bought the dip resulting in 22 all-time closing highs. Market leadership has shifted from just a few names to being broader based as 10 of the 11 sectors rallied. Click HERE to continue reading our market update.
Almost no one thought 2023 was going to be a phenomenal year for stocks, but nearly all markets rebounded with many up over 20% on the year. Just like the consensus opinion of the “experts” missed the dramatic declines of 2022, most were overly negative for 2023 and many were convinced of a recession that has yet to happen. Despite the fastest interest rate increase in three decades, a near banking collapse in March, and a new war in the Middle East, stocks are back to all-time highs. Click HERE to continue reading our market update.