Weekly Commentary | June 23, 2024 | Apollo CEFs Merging Away, VTN And VPV Announce Tenders

Macro Picture

Stocks saw modest gains on the week but we did see new all-time highs. We also began to see some rotation with a move from growth towards value outperforming. Nvidia shares, garnering all the attention lately, entered into a correction falling 10% from their peak and doing so in just two trading sessions.

The important retail sales number ca…