This week could go down in history...

  This Week Could Go Down in History… Dear reader, When we look back on today one year from now, this week could mark a monumental time in history. It could be an absolute game changer for the stock market, the economy, and politics. Thursday was an unusual day in the stock market. The tech-heavy Nasdaq closed down nearly 2% and the S&P 500 fell 0.9%. Meanwhile, the small-call Russell 2000 rallied 3.6%. You can see the three indices’ returns so far in July below: This is only the second time since 1979 that the Russell 2000 rose by more than 3% on the same day that the S&P 500 declined. The outperformance between the Russell 2000 and the Nasdaq was more than 5% – the largest on record. But even as the S&P 500 fell on the day, more than 400 of its 500 stocks closed Thursday higher. That’s because all seven of the “Magnificent Seven” stocks pulled back as money rotated out of the mega-cap tech stocks and into smaller, non-tech sectors. This could be the start of the seismic shift that I’ve been talking about this year… Small caps are ready to take the lead. Meanwhile, the Consumer Price Index (CPI) number was released on Thursday, and the result came in below expectations. This appears to have solidified the odds that the Federal Reserve will lower interest rates in September. There is now a 94% chance that the central bank will begin its lowering cycle in September with at least a 25-basis-point (0.25%) cut. Additional cuts will have a trickle-down effect on corporations, consumers, and the entire economy from borrowing to saving. Then, there’s the political election. On Thursday night, President Joe Biden sat down for what the White House called an unscripted press conference. This was supposed to calm concerns by Democratic politicians and donors – but that doesn’t appear to have happened. If Biden is replaced as the Democratic candidate for presidency, I suspect this week will have been the final straw. That’s quite a lot of news for a middle-of-the-summer week. But it’s not all we covered here in Market Insights. Here’s a quick recap of this week’s articles… Monday: Europe is extremely busy right now – with a record number of tourists expected this year. Is now the time to buy rental car companies? Or could it be the end of the road? [Click here to read The Rental Car Business: The Best or the Worst?]( Tuesday: In the U.S., Mexican brews like Modelo have surpassed traditional American beers – partly due to a controversial Bud Light advertising campaign that shifted consumer preferences. [Click here to read Which Beer Brand is Better for Your Portfolio?]( Wednesday: Several potential catalysts on the horizon could send Bitcoin (BTC-USD) and the broad crypto market higher. Those combined with extreme fear levels indicate that now could be the right time to start adding exposure to this asset class. So, what’s our plan? [Click here to read Bitcoin’s Pullback Should be Short-Lived]( and catch up on the latest episode of the SteadyTrade Podcast. Thursday: Imre Gams took the reigns of Market Insights again this week to talk about something he calls “Holy Grail Syndrome” and why it’s so important to find the investing strategy that works best for you. [Click here to read The Holy Grail of Trading.]( Friday: It’s no secret that food inflation has been a major concern among average Americans recently. It’s also no secret that we all love a good value. That makes the latest move by one of America’s top fast-food companies the right choice at the right time. [Click here to read An Intriguing Opportunity in a Fast-Food Leader.]( Here’s to the future, [McCall's Signature] Matt McCall Editor, Market Insights   © 2024 Centurion Publishing 13809 Research Blvd, Suite 500, Austin, TX 78750   *Results are not typical. Past performance does not indicate future results. All investing carries risk. 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