The Second Quarter Is Officially Over - Here’s What’s Next

Well, Q2/2024 ended with a whimper of sorts, drifting down 0.26% in late trading. But don’t let that fool you; the S&P 500 will actually close up a healthy 5.1% for the quarter.

person using macbook pro on black table

Image Source: Unsplash


Well, Q2/2024 ended with a whimper of sorts, drifting down 0.26% in late trading. But don’t let that fool you; the S&P 500 will actually close up a healthy 5.1% for the quarter.

So don’t be distracted by the selling today - much of that is being driven by institutions engaged in quarterly rebalancing.

But, for a strong third quarter, we need to see new leadership emerge; the market cannot keep living according to the will of the tech sector alone.

As I’ve been saying, I think healthcare and biotech are more than capable of stepping up to the plate, and we’re looking for those early opportunities accordingly. While I’m at it, I wouldn’t be surprised if the ongoing bifurcation in retail continued, as well.

Let me show you what I mean - and what I’m looking for out there…

Video Length: 00:13:48


More By This Author:

I’m A Big Biotech Bull - And You Should Be Too
How To Play The Two Weakest Sectors In The Market Right Now
The Tech Sector May Have Lost Its Mojo

STOCKS IN THIS ARTICLE

Comments