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Weekly Wrap 12 July

Grady Wulff
July 12, 2024

The S&P 500 has notched seven consecutive record highs, fueled by investor optimism over AI advancements. Apple’s ascent to the top of the market cap rankings underscores the technology sector’s dominance. However, with valuations stretched, questions arise about the sustainability of this rally. This week’s market update explores the driving forces behind the record-breaking surge and assesses potential investment opportunities.

In this video, Grady covers:

  • (0:15): what’s behind the S&P500 hitting 7 consecutive record highs
  • (0:33): why Apple overtook Nvidia as the most valuable company
  • (0:58): how Ai optimism is driving the tech sector surge
  • (4:59): how the ASX200 has performed this week so far
  • (6:23): the most traded stocks & ETFs by Bell Direct clients
  • (6:39): economic data to watch out for next week.

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