Weekly Market Recap | 6/10/24
Zachary Hill, CFA®
June 10, 2024
What happened last week AI Theme: NVIDIA (NVDA) rally to $3T in market capitalization vaults
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What happened last week AI Theme: NVIDIA (NVDA) rally to $3T in market capitalization vaults
What happened last week Revenge of the Meme Traders: Small-caps outperformed large-caps on resurgent trading
What happened last week Semis: NVDA’s “beat and raise” earnings report reignited the AI trade
What happened last week Price action: China led on a green week for global stocks,
What happened last week Price action: The S&P 500 rose higher and through key technical
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Topics
What happened last week AI Theme: NVIDIA (NVDA) rally to $3T in market capitalization vaults U.S. large caps to fresh all-time highs. Strong Payrolls Data:
What happened last week Revenge of the Meme Traders: Small-caps outperformed large-caps on resurgent trading in “meme-stocks.” Slightly Softer U.S. Data: 1Q U.S. GDP was
What happened last week Semis: NVDA’s “beat and raise” earnings report reignited the AI trade and propelled mega-cap tech to fresh all-time highs. Hawkish Fedspeak:
What happened last week Price action: China led on a green week for global stocks, ratcheting higher as Chinese policy support continues to improve the
What happened last week Price action: The S&P 500 rose higher and through key technical levels, recovering the majority of April’s losses. Interest Rates: Ahead