Market optimism and its underlying cracks

Philip Petursson, Chief Investment Strategist at IG Wealth Management, delves into the current market dynamics as we head into the summer. He discusses the recent strong performance of the Nasdaq and the shift in investor sentiment from fear to cautious optimism. Philip also explores the underlying economic indicators and the renewed interest in quality and defensive stocks. Despite the market's bounce, he highlights the ongoing risks and the importance of staying vigilant in a market that rewards consistency and punishes complacency.