2024-03-30 08:30:00 ET
Summary
- The S&P 500 closed at a record and had its best first quarter in five years.
- The S&P 500 is no longer cheap, underpinned by robust momentum.
- Significant upward revisions in earnings estimates have bolstered the market's confidence.
- I share my top Mag 7 picks that investors should consider for Q2.
S&P 500 Closed At A Record In Q1
As we come to the end of the first quarter of 2024, it's timely for us to assess the best opportunities ahead as we look ahead to Q2. Notably, the S&P 500 ( SPX ) ( SPY ) notched its best first quarter since Q1'19, as the market rose by more than 10% to close at the 5,254 level on March 28 (a record high)....
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S&P 500's Record Quarter And My Top Mag 7 Stocks