Week Of June 30: What's In Store For The Markets -

Week Of June 30: What’s In Store For The Markets

Jun 30, 2024Jeremy ParkinsonFinance, No picture0

“I measure what’s going on, and I adapt to it. I try to get my ego out of the way. The market is smarter than I am so I bend.” – Martin ZweigMarket Commentary New index highs, with narrow participation:

The second quarter ended with the S&P 500 and Nasdaq at all-time highs. A narrowing group of companies and sectors, and the “AI traders,” continue to power the indexes, while clear deterioration is surfacing in the broader market.

Value impact from the Russell realignment and portfolio analysts’ second quarter window dressing had big impacts on the markets.

The number of new 52-week lows did improve as did the advance/decline line.

Interest rates have been gradually coming down on longer term bonds and the “5% safe haven” has already evaporated.

While I was expecting a strong endorsement for the solar industry during the Presidential debate it did not occur.

Economic data and market clues: Two important announcements regarding the economy this week, the Fed minutes will be released as will new employment data. Both are potentially big market movers, despite a short week.No big earnings this week. Current holdings:Magnet®:Datadog DDOGCelestica CLSMr. Cooper Group COOPFACTS:Amazon AMZNBlackRock BLKArch Capital Group ACGL More By This Author:Week Of June 23: What’s In Store For The Markets
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