Investing Update: New Leadership In Tech?
What I'm buying, selling & watching
Of the 5 days this week, the S&P 500 set a new record high in 4 of them. That makes 57 new all-time highs in 2024. YTD the S&P 500 now stands up 27.7%, the Nasdaq is up 32.3% and the Dow up 18.4%.
Market Recap
Weekly Heat Map Of Stocks
Weekly Sector Performance
The VIX settled the week under 13. That’s the lowest level since July.
It should come as no surprise when you consider the continued strength of this bull market. Look at this run in S&P 500 stocks that are above their 200-day moving average. Throughout 2024, 60% or more have been above that level.
The percentage of advancing stocks continues to outnumber the percentage of declining stocks.
This bull market now sits at 26 months old. That’s good for a 73% return for the S&P 500. The median bull market over the past 100 years has returned 90% over 30 months.
Can you blame investors for continuing to move money into equities? Over the last month, U.S. equities saw their largest monthly inflows into ETFs and mutual funds ever. And it was the largest by a big margin.
