From Nasdaq: 2024-07-10 05:00:00

The U.S. stock market has seen a bullish start in 2024, led by tech giants like Apple, Nvidia, and Meta Platforms. Despite inflation and recession fears, stocks continue to climb. Investors wonder how much longer the bull market will last. Historical data suggests momentum will continue after breaking new highs.

As summer progresses, investors may face a potential stock market correction. Factors like historical seasonality trends, high investor exposure levels, weakening market participation data, and election uncertainty point to a possible pullback in equities. The Nasdaq 100 ETF is significantly above its moving average, signaling a correction may be imminent.

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Read more at Nasdaq: Zacks Investment Ideas feature highlights: Apple, Nvidia, Meta Platforms and Nasdaq 100 ETF