📆 Monday, July 3
► Stocks have opened the new quarter on a positive note. While the S&P 500 and Nasdaq 100 remain steady, they are trading at the highest price levels since the start of 2023. The US tech index recorded a nearly 2% increase last week, achieving a record first-half-year performance.
► However strategists at JPMorgan Chase & Co. express caution about the sustained rise in stocks, citing potential worsening economic data and potential earnings pressure in the second half of the year.
► Despite concerns over a decoupling from a worsening economic environment, the global equity rally has added nearly $5 trillion to the value of companies in the Nasdaq 100 this year, with the tech-heavy index jumping almost 40%.
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