. Over the past 10 days the benchmark S&P 500 is down about 3%, while the Nasdaq is down more than 6%.Truist co-chief investment officer Keith Lerner noted that in years when the S&P 500 has risen more than 10% in the first half of the year, the second half usually sees an average pullback of about 9%."This choppier market action of late, which we have been anticipating, likely has further to go in terms of price and time," Lerner wrote in a note to clients on Thursday.
. Lerner noted that the earnings weren't bad but failed to impress investors, who had a high bar entering this reporting season.in the tech sector. Lerner reasoned that, after the market reset over the past few trading sessions, there's a chance technology's latest swath of earnings can surpass investors' now-trimmed expectations."I think the secular story of this bull market is still intact," Lerner said. "Money will come back there.
This year, it also determines the four days that surfers competing in the Paris Olympics in Tahiti, French Polynesia, will paddle into the ocean in their pursuit for the gold medal. Here's a look at how surf forecasting is done, how it impacts the Paris Olympics surfing competition and how experts expect climate change to affect future wave forecasting.
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