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All quiet on the stock market front

June 30, 2024

From the desks of Stanley Katz & Lauren Madera

IN CELEBRATION OF THE JULY 4TH HOLIDAY, WE WILL NOT BE PUBLISHING OUR WEEKLY HIGHLIGHTS & COMMENTARY NEXT WEEKEND. STAY SAFE & HAVE FUN!

It was a quiet week on the stock market front ahead of July 4th (i.e., DJIA: -0.07%, S&P 500: -0.10%, Nasdaq: +0.24%). It was also a quiet week for economic reporting, leaving Nvidia performance—down >2% last week but up >149% year-to-date—as the main market catalyst. Sitting at mid-year, most of the focus now turns to the second half. Janus Henderson’s “Market GPS Mid-Year” offers an interesting compass to guide us through the rest of 2024 and beyond. Click the link below with your first cup of java this morning.

Many folks watched or read about the debate last Thursday. One void on their agenda was the burgeoning debt and what to do about it. Future generations may face challenges not only in daily life but also in the stock and bond markets. Lord Abbett’s research piece below provides a simple analysis on the topic.

Below are links to a number of third-party research reports that we have read and analyzed over the past week. We hope you will find the information interesting, useful, and worthwhile.

Janus Henderson:

  • Market GPS Mid-Year Investment Outlook 2024

Lord Abbett:

  • U.S. Economy: Debt, Deficits, and the Implications for Investors

Goldman Sachs Asset Management:

  • Gen AI: Too Much Spend, Too Little Benefit?

Argus:

  • Uneasy Calm at Mid-Year

J.P. Morgan Asset Management:

  • Is stock market concentration a warning sign?

Stanley Katz & Lauren Madera, Financial Advisors
ClientFirst Financial Strategies, Inc.
937-293-5500

Investing involves risk, including the possible loss of principal. The information contained herein has been prepared solely for informational purposes. Nothing contained herein should be construed as a recommendation to either buy or sell any security or economic sector, or implement any strategy discussed. Please consult with your financial advisor, accountant, and/or attorney before acting on this information. ClientFirst Financial Strategies, Inc. is a DBA of OneSeven.  OneSeven is an investment advisor registered with the U.S. Securities and Exchange Commission (SEC).  Registration with the SEC does not imply a certain level of skill or training.  Securities offered through Fortune Financial Services, Inc. (Fortune), Member FINRA/SIPC.  OneSeven and Fortune are separate entities.  Investment Products are Not FDIC Insured, Offer No Bank Guarantee, and May Lose Value.

OneSeven and Fortune do not make any representations or warranties as to the accuracy, timeliness, suitability, completeness, or relevance of any information prepared by any unaffiliated third parties.

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Disclosures: OneSeven (“OneSeven”) is a registered investment adviser with the U.S. Securities and Exchange Commission (SEC). Registration with the SEC does not imply a certain level of skill or training. Services are provided under the name ClientFirst Financial Strategies (“ClientFirst”), a DBA of OneSeven. Investment products are not FDIC insured, offer no bank guarantee, and may lose value.

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