Weekly Wall Street Cheat Sheet

Yesterday, America was shocked again by another assassination attempt of former President Trump. The markets don’t seem affected, but it is a sad day in history. The stock market bounced back with gusto this week, shaking off last week’s declines. Buy-the-dip investors emerged, and momentum took over by week’s end. While many stocks participated in the rally, mega-caps and semiconductor shares stole the show. The Vanguard Mega Cap Growth ETF jumped 5.5%, while the PHLX Semiconductor Index surged an impressive 10%. NVIDIA was the star performer, rebounding 15.8% after last week’s slide. We hit a brief speed bump on Wednesday when the August Consumer Price Index ...