Some of the top trades from the first half of 2024 are not looking so hot at the moment. Investors are swapping Big Tech stocks for small caps, which they think will get a boost from a Federal Reserve rate cut. The yen (JPY=X) and copper (HG=F) are also well off their highs.

Catalysts anchors Brian Sozzi and Madison Mills explain why it should serve as a reminder to investors: things don't go up in a straight line.

For more expert insight and the latest market action, click here to watch this full episode of Catalysts.

This post was written by Stephanie Mikulich.