The major stock market indices, like the S&P 500 and Nasdaq Composite, have had a strong start to 2024, with substantial gains. This impressive run-up has led to concerns about valuations getting stretched and the potential for a short-term correction.
I believe that pullback could be in the cards. However, after such a correction occurs, it could lead the valuations of these meme stocks and cryptos to shoot off to new heights. Renewed interest by bulls has been the catalyst.
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