Republic Risk: A Few Additional Notes

We released the 2H Active Portfolio... And We'll Be Moving A Lot...

As we kick off the second half of 2024, markets have shown little change following Friday's selloff, which saw the Magnificent 7 down on average by 1.45%, with META leading the drop at nearly -3%. As incoming data continues to reveal a cooling economy, this week, the market will digest a series of jobs reports, starting with JOLTS on Tuesday—a day earlier than usual due to the July 4th holiday—and the jobs report for June on Friday. Investors are keenly watching for any signs that Jerome Powell might cut interest rates, which remain a central focus as the economy grapples with prolonged higher rates. Meanwhile, oil prices are trending higher with increased demand as the driving season kicks into full gear, and commodity traders watch developments in the Middle East and the hurricane season, which could introduce further volatility.

Equity Storm Watch Is GREEN on the S&P 500 and GREEN on the Russell 2000

Our Model Portfolio

Our first half performance was exactly what we wanted. Our Model …