Expanding on our initial 2024 Outlook, “A Turning Point,” this midyear update offers fresh insights into the economic and market landscape, along with their potential impact on investment portfolios.

Stocks rose again in June as technology strength and artificial intelligence (AI) enthusiasm continued to power the major averages higher.

LPL Research highlights potential stock market implications of the other birthday America celebrates this month and the strong gains in the first half.

With stock valuations elevated after such a strong first half, earnings growth will be key to holding, or potentially building on these gains.