Everybody is on guard about Russia and North Korea starting another war, so again this is really important stuff, in terms of watching out for the next Recession. But for now, the outlook is bright and the bull market continues to climb a wall of worry, which it has done for 100 years. In fact, there are no good old days. The market wakes up every day and worries about something. And the market shakes it off and generally goes higher, decade after decade.
Second quarter numbers are in.
The Nasdaq was up 4%, the Dow was up 3%, and the S&P 500 was up 2.6%. Not a bad quarter. So despite the Tech falloff since June 9th, the Nasdaq outshone the overall market. What will the third quarter bring? Well wouldn’t you like to know! We are not telling. We know, but aren’t telling. Well – not really. No one knows of course, but we think the Tech selloff will blow over as the FAAMG* stocks report fabulous earnings and the buying resumes.
* FAAMG – Facebook, Apple, Amazon, Microsoft and Google. Over $2.8 trillion in total market cap
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