Q2 2024 – Annandale Capital Quarterly Commentary
What a bewildering market we’ve just witnessed. Daily, US equity indices climbed higher, yet a glance at a stock screen would have revealed few green tickers. Stock market breadth was abysmal, regardless of how you analyzed the data. Let’s break it down: Last quarter, the S&P 500 returned 4.3%. Remarkably, the five largest stocks (MSFT, AAPL, […]