What to expect for July 1 - July 5, 2024

Originally published at volumeleaders.substack.com.

Weekly Wrap

During the week of June 24-28, 2024, the U.S. stock market experienced mixed performance amidst fluctuating economic indicators with week highs eventually giving some back to yield-related losses. Favorable inflation revisions initially boosted investor sentiment, but stocks and bond yields reversed course. Overall, the first half of the year closed out strong - up 4% on the quarter and about 14% YTD - and historically this suggests continued strength into the back half of the year.

Inflation showed signs of cooling, which led to revised expectations for future interest rate...