Brady Report for June 2024

Dear Investors,

Please find our attached newsletter. The stock market is beginning to get interesting as the tech trade begins to unwind. As we begin earnings season (a period in which companies report quarterly earnings), investors are able to obtain insights into the economy as well as various business sectors. 

As earnings and future guidance become available, typically before the market opens and after the market closes, stock prices adjust to this new information, sometimes creating large volatility in the respective stock price.

For example, we saw Five Below fall 25% this week after lowering its outlook and the CEO resigning.

Please reach out with any questions or comments. 

Sincerely,
Brady Ritchey
Chief Investment Officer

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