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QQQ Jul 2024 555.000 put

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Yahoo Finance
The meme stock surge doesn't appear to be the ominous signal it has been
The recent meme stock moment might be thought of as an indication that exuberance has once again gone too far. But this time, a closer look at seven key meme stocks shows that it might be a perfectly good sign for the market.
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Stock buybacks hit highest level since 2018
Stock buybacks are soaring in another sign that companies are feeling better about the macroeconomic outlook.
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Companies are having their best earnings season in nearly 2 years
Earnings for the S&P 500 are growing at their fastest rate since 2022 and analysts see that trend continuing into next quarter, setting up a positive backdrop for stocks.