The year started out with a bang! From the start of the year to mid-July 2024, the S&P 500 gained 19.5% and the Nasdaq QQQ gained 25%. Since then, and including today’s sell-off, these indices gave up 8.3% and 13.5%, respectively. What a reversal! What could lead to the pullback we’re seeing in the stock market these last few trading days?