Megacaps, S&P 500 moves, second half of 2024: Market Trends

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Nvidia,Wall Street,Federal Reserve

Megacap stocks like Nvidia (NVDA) and Amazon (AMZN) continue to dominate the conversation on Wall Street. Surprisingly, the S&P 500 (^GSPC) is still making...

) is still making gains despite many of the components that make up the index losing. Wall Street investors are now looking toward the second half of the year as the election cycle heats up, and investors still await new information from the Federal Reserve about interest rate cuts.Meanwhile, the A I frenzy leads stocks to a rip roaring first half of the year.And I'm gonna switch over to some of our heat maps and just show you the year to date results in sectors up.

All of this is relevant, Josh, because it kind of paints a picture where we might be echoing an epic from the past.Uh, some people compare the current epic to the 1990 nine.com bubble. So, I, I looked at all the years going back to 1928 when the S and P 500 is up 10% or more by the end of June, like it is this year up 15%.

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Stock market today: Stocks zoom higher as S&P 500 notches 30th record close of 2024Wall Street wondered if the bull rally that has roared through 2024 has more room to run.
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