On The Rock
Top Themes of the Week
The past week brought an interesting change to the usual debate about "Growth" vs. "Value" investments. The technology-centric Nasdaq 100 saw a slight dip of 2%. The mid-week market movements proved especially challenging for those investors with a focus on the technology, media, and telecommunications. The Nasdaq 100 ended the week at a slight decrease from the previous week's close.
In the finer details, the week saw hedge funds experience an increase in inflows. Inflows from the last four weeks are nearing the peak levels witnessed in mid-August 2022. Retail investors have also plunged into the market, pushing single stocks and equity ETFs higher for both the last week and the previous four weeks. Within the market, the buying frenzy has been centered largely around cyclical sectors such as Consumer Discretionary, Materials, and Energy.
Lastly, a noticeable lack of emphasis has been placed on typical debates surrounding interest rates, inflation, and central bank actions. However, the upcoming week brings significant events such as the US CPI data release (~4.20% expected), the FOMC meeting, and the ECB meeting.
AI Remains Center Stage
A flurry of AI-centric corporate events begin tomorrow. These events are expected to illuminate the latest advancements and uses of AI across different sectors, providing a unique peek into the future.
CRM 0.00%↑ AI Day (6/12)
Salesforce PEGA 0.00%↑ Investor Day (6/12)
AMD 0.00%↑ DC/AI Product Update (6/13)
ZS 0.00%↑ Investor Day (6/15)
Zscaler INTC 0.00%↑ Foundry Event (6/21)
Intel MDB 0.00%↑ Investor Day (6/22)
MondoDB AI 0.00%↑ (c3.ai) Investor Day (6/22)
AMZN 0.00%↑ Amazon’s AWS Regional Summit (7/26)
Amazon
