From the desk of Vance Howard:
The markets are trading in a much better mood than they have in the past few months, with the price action looking a bit more positive. There is room for optimism as it looks like the markets are trying to find a base. Despite seeing some big stocks such as Microsoft, Alphabet, Inc., and Meta taking a beating over the last few trading sessions, the indexes like the S&P 500 and Nasdaq 100 have held up well. If a major holding like Microsoft is way down, which is one of the largest holdings in each index, but the index is holding up somewhat firm, that is telling us that most of the other constituents of the index have hit a bottom and are not going down as they were earlier in the year. This is a very encouraging sign for the markets.
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