The stock market is trending upwards. Tech and semiconductor companies, like Texas Instruments, have reported strong earnings, driving the S&P 500 index to its best two-month rally. While Tesla underperformed, analysts are optimistic about its plans for affordable vehicles. Overall, the market is bullish, and companies' positive earnings forecasts suggest this growth should persist.
Earnings reports from major banks have raised concerns about the economy. The Federal Reserve's interest rate path is uncertain, with varying probabilities of rate cuts. Experts predict that the market may enter a holding pattern if rates remain unchanged. Tech giants, notably Microsoft and Amazon, are expected to perform well due to their diverse operations. Interestingly, retail investors are showing an increased interest in individual stocks, with General Electric emerging as a popular choice due to its improved performance after separating its financial operations.
