MAGS - And The Winners Are... Will The Winning Trend Continue?
2024-07-09 09:30:00 ET
Summary
- It has been surprising to look back since the start of 2024. Most Wall Street pros were conservative and projected we might see a 10-15% total return for all of 2024.
- Retail investors have been putting their investable assets into the market, with retail stock allocations at their highest since November 2021.
- The S&P 500 produced a 14.5% return for the first 6 months of 2024, and the biggest five individual contributing companies produced 63.2% of that return.
By Donn Goodman
Welcome back, subscribers and other readers. We all hope you had a relaxing and enjoyable Fourth of July holiday. As I said last week, we can never take our freedom for granted. As you get older, you realize and appreciate this more and more. God bless America... the land of the free!
Jumping right into our weekly perspective, it has been surprising to look back since the start of 2024. I am not sure that many Wall Street pros got the markets right. Most, I believe, were much more conservative and projected we might see a 10-15% total return for all of 2024....
And The Winners Are... Will The Winning Trend Continue?