Week of July 1, 2024
The Standard & Poor’s 500 stock Index ended the week near all-time highs while at the same time, President Biden stumbled through the first debate with President Trump. His subsequent “family meeting” on Sunday to determine whether he would withdraw from the Presidential race potentially represents a dramatic change in the election calculus should he opt out and could portend near term changes to some of our Signals.
Bob Bilkie, CFA