08/01/2024
The summer heat is being felt outside, but the market experienced it's own heat wave the 2nd quarter.
What propelled this heat wave?
1. High Inflation & The Fed - kept rates unchanged in the range of 5.25%- 5.5%
2. Tech & AI Investments - NVIDIA was up 36.7% and Google 20.8% last quarter, leading the tech-centric influence on the market
3. Upcoming Election - elections may create uncertainty and volatility in the market, but historically markets settle following an election
The question remains, what will the market do in the second half of the year? Stay hot or cool down?
Themarket experienced its own heat wave in the second quarter, propelling the S&P 500 to new all-time highs