Volatility Strikes, Markets 07/19/2024

Markets Overview 07/19/2024

S&P 500 -1.97%

DOW 40K + 0.72%

Nasdaq -3.98%

Russell +1.74%

VIX UP 31.60 %

Notable Sector Performance

Energy + 2.04%

Real Estate +1.30%

Navigating volatility is gonna be big for the second half of the year, with the VIX being up 31% this week, portfolios are getting insulated and this might be a warning sign for the times ahead. Although the Russell performed the best out of the indices, it also got hammered near the end of the week as it was up 6% at one point. Value stocks seem to be back in style as the market is seeing a shift from the heavy economic swings it got in the first half to moving on actual production, and with megacap tech earnings coming up we’ll see what they’re guiding with the election on the brink. We had a big move earlier in the week in chip stocks as Biden spoke on geopolitical concerns, this led to drawdowns in Taiwan Semiconductor, Nvidia, and more. Dealmaking comes back in style and Goldman Sachs sees major profits, leading to a huge earnings beat. Concerns over CEO DJ Sol are now quieting down.