June 2024 Market Report
Detailed analysis, including my top 3 current trade ideas, below...
Last week was a very challenging 4-day week as the NDX pulled back -1.5% (vs R2K flat) and SPX finished -0.6% after Friday’s turnaround.
The pullback was led by a number of outsized earnings drawdowns (CRM worst day in 20+ yrs, DELL worst day ever, PATH worst day ever, MRVL biggest day of underperformance in 9 yrs, MDB 2nd worst day ever).