Investors' appetite for equities is due to the fact that the market anticipated at least six rate cuts in 2024 by the FED, the American Federal Reserve, and the European Central Bank. Other factors contribute to investors' optimism: the good performance of the American economy, the season of corporate results in line with or even above expectations.

“Today, the magnificent seven (Google, Amazon, Facebook, Apple, Microsoft, Tesla and Nvidia ) are in an oligopolistic situation,” explains Christopher Dembik, investment strategy advisor at the asset management company Pictet AM.