2024 Half-Year Must-See Recap

The first half of 2024 has made a significant mark on the global economy——We've witnessed record highs in gold prices, thought-provoking insights at Buffett’s annual shareholders' meeting, and the comeback of the MEME stock craze.

Simultaneously, Nvidia's stock split and the Fed's rate cut expectations have also shaken up the market. Driven by this series of major events, the bull market in US stocks continued.

The cooling of the U.S. CPI data in May ignited hopes for interest rate cuts, and also boosted the bullish signal of US markets

What should investors consider if the Fed kicks off a rate-cutting cycle?

To understand the role of the Federal Reserve’s monetary policy, we should first learn about how it works.

Generally, the Fed puts the brakes on the economy before it overheats and provides stimulus when it slumps, which helps reduce market volatility and achieve more stable economic operation. This is the primary goal of the Fed.

Mooers can track the FOMC meetings on moomoo Economic Calendar based on the following steps:

Wanna learn more about the Federal Reserve's Monetary Policy?

Looking back at the history of interest rate cuts since the 1990s, tech stocks have outperformed other sectors on average after rate cuts were implemented.

From a sector performance perspective, driven by investors' growing optimism about artificial intelligence and expectations of Federal Reserve rate cuts, technology stocks have outshone all others, strongly lifting the U.S. stock market. In terms of first-half performance, data indicates that as of June 17, the information technology sector led all major sectors with a cumulative gain of 28%, followed closely by the communications services sector, which saw nearly a 25% increase.

How do I know what stocks are in the different industry sections?

Using the moomoo heat map, a visual tool that provides valuable insights into market dynamics, which also helps us find stocks with investment potential.

Reflecting on the first half of 2024, the AI craze has been relentless:

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