Markets, Machines, and Megawatts
Markets entered the third quarter with strong momentum from the spring rebound and never looked back. The S&P 500 climbed steadily through July and August, then surged to a new all-time high in September on optimism about cooling inflation and a friendlier Fed stance. Tech stocks led the charge yet again: mega cap AI beneficiaries like NVIDIA (NVDA), Broadcom (AVGO), and Microsoft (MSFT) dominated headlines and returns.
