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…
1 Comment
FRAN CAMPBELL
June 28, 2024I agree. as I have noticed that just prior to a dividend being paid out. the stock price often drops temporarily. especially with the higher priced stocks. A few days later, it all settles down and the stock price goes back to the higher level.