Stock Market Trends From Q1 2024
Forbes Topline
Forbes
4.8 • 6 Ratings
🗓️ 4 April 2024
⏱️ 19 minutes
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| 0:00.0 | Hi everyone I'm Rose Marie Miller here with Rob Ispitz, the founder of SunGarden Investment |
| 0:08.0 | com and E.F. yourself.com here to give us an overview of Q1 stock market trends and offer a little |
| 0:16.0 | advice for new investors. Thank you so much for joining me today Rob. |
| 0:20.3 | Hey great to be with you again, Rose Marie. |
| 0:23.0 | Rob, so could you provide a recap of Q-on trends in the stock market, please? |
| 0:29.0 | Sure. |
| 0:31.0 | You know, I think that to look at this and by the way, I mean, we're recording this a day after April fool, so hopefully people didn't get fooled too much in the first quarter but the second |
| 0:45.6 | quarter already seems to be starting a little bit different the vibe is a |
| 0:50.0 | little bit different and I feel after almost 40 years of being a professional |
| 0:55.0 | investor that I can use words like Vibe to describe the markets but now I'll go |
| 0:59.8 | into some of the the detail and the wise and wherefore is behind that phrase. |
| 1:06.5 | So in the first quarter, technology stocks didn't lead and that was the first time really that that has happened in a while. |
| 1:19.0 | Energy stocks actually outperformed, so did financials. |
| 1:25.0 | But what's interesting is that when you look at the market, |
| 1:32.2 | whether it's the S&P 500 or the NASDAQ, or really 10 out of the 11 sectors that make up the |
| 1:41.0 | S&P 500. |
| 1:42.8 | If you just look at how, let's say, the whole sector did, |
| 1:46.3 | okay, energy and financials did well. |
| 1:49.0 | Well, most of those sectors are dominated by two or three or four stocks. |
| 1:55.8 | So as a result, it's not energy doing well |
| 1:59.1 | as much as it is two or three stocks |
| 2:01.9 | that have a very high weighting in that index and again we look |
... |
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