Market Summary 16th July 2024
$iShares Russell 2000 ETF (IWM.US)$ has experienced a surprising surge, gaining 3.4% in just five days. This rise comes despite widespread bets against it throughout the year and anticipations of a potential rate cut.
However, the strong market activity and broad participation indicate that we may be entering a new upward trend. This is further evidenced by significant increases in net highs on both the $NASDAQ (NASDAQ.US)$ and $NYSE (NYSE.US)$, and a notable rise in the $SPDR Bloomberg High Yield Bond ETF (JNK.US)$.
Given these developments, I am keen on purchasing more during any dips in the market. Our recent acquisitions have shown promising momentum, breaking out from their bases with robust volume and potential for significant earnings growth. Moving forward, my focus will be on these leading stocks, minimizing distractions to capitalize on emerging opportunities.
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Specialise in Growth stocks 🏆
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