We Get Through August, Market Buoyed By Fed's Encouragement, New Sectors Breaking Out
Aug 30, 2024
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"Beethoven's music tends to move from chaos to order, as if order were an imperative of human existence." ~ Daniel Barenboim
Good evening,
Fundstrat Head of Research Tom Lee's mantra of late – “Just get through August” – has borne fruit, as the bell rang at 16:00 ET today to end the last trading day of the month. Much of the last week of the last month of summer was dominated by expectations, and then digestion of, earnings from Nvidia, the poster child for the popularity and power of AI, which is overturning electricity, chip, server, real-estate, labor, and other marke...