The S&P 500 is now 15% higher than where it was when the Fed started hiking rates in March 2022. $SPX
Source: Charlie Bilello
JUST IN: The top 5 new spot Bitcoin ETFs now own a combined 195,862 BTC worth over $9.3 BILLION
Source: Bitcoin Magazine
S&P 500 closes above 5,000 for first time ever.
It took 719 sessions for the index to set its latest 1,000-point milestone, a gain of 25%. The 50% advance from 2,000 to 3,000 needed 1,227 trading days, from 2014 to 2019, acc to data compiled by Bloomberg. To double from 1,000 in 1998, it needed 4,168 sessions to get to 2,000 in 2014. Source: HolgerZ, Bloomberg
🍾 S&P 500 closes over 5,000 for the first time in HISTORY
Most of the major US equity indexes moved higher over the week, with the S&P 500 Index reaching new highs and breaching the 5,000 threshold for the first time. The advance remained relatively narrow, however, with an equally weighted version of the index significantly trailing the standard market-weighted version for the fourth time in five weeks... Source hashtag#chart: Genevieve Roch-Decter, CFA
Japanese Stocks Hit 34-Year High
For the first time in 34 years, the Nikkei jumped above 37,000. The index is now about 5% away from taking out the all-time high set all the way back in December 1989. Source: barchart
More than 70% of stocks in the index underperformed. That is a record for this century.
Source: Gavekal, The Daily Shot
Despite the Russell 2000 remaining in a bear market, down 20% from its peak in 2021, the S&P 500 reached a new milestone by trading above 5,000 points intraday for the first time ever yesterday.
source: bloomberg
Over the past twelve months, Microsoft, Alphabet, Amazon, Apple, and Meta have produced a combined operating cash flow of $476.9 billion.
For three consecutive quarters, from Q2 to Q4, these five companies collectively generated over $100 billion each quarter. source : bloomberg
