Part 10/13:
In equities, the FAANG stocks continue their strong run since January, with gains exceeding 60%, yet signs point to a potential slowdown. Historically, markets tend to cool off in July and August due to seasonal slowdowns and low liquidity, raising the possibility of a short-term correction or consolidation.
Additionally, Tesla’s upcoming stock split—anticipated around November 2024—may inject some retail enthusiasm, especially if the stock approaches $600-$750 pre-split levels. The focus on Tesla’s Full Self-Driving (FSD) progress adds to optimism for substantial price gains once the FSD milestone is achieved.