Is This a Market in Transition? Jarvis Update September 3, 2024

Left Brain Thinking

0:00 Intro 0:49 Market Recap 1:59 Topic 1: 2nd Quarter Earnings Review 8:36 Topic 2: Is This a Market in Transition?

With 2nd quarter earnings moving toward a close, we are taking inventory of trends developing in the overall markets. Where information technology and communications services were the sectors dominating in the first half of 2024, we are starting to see some new trends developing, as interest rates begin to crest and move lower.

In this week's Jarvis® Update, CEO Noland Langford and Director of Research, Brian Dress, discuss some of the most market-moving earnings over the past week, including from major players like Nvidia (NVDA), Salesforce.com (CRM), and CrowdStrike (CRWD).

We also note the change in market leadership that has occurred over the past 3 months, as the move in interest rates has been to the benefit of highly interest rate sensitive sectors of the market like real estate and utilities.

Topic 1: 2nd Quarter Earnings Review Topic 2: Is this a Market in Transition?

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Be sure to check out Noland's Notes, our yearly piece looking back on 2023 and with our expectations for 2024: https://leftbrainwm.com/notes

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