US is now 75% of MSCI World Index, a 55 Year High
Source: Datastream, Special Situations Research Newsletter on X
This has never been seen before: The top 10 US stocks have accounted for 59% of the S&P 500’s gains since the October 2022 bottom.
By comparison, the next 10 stocks have contributed just 11% while the remaining 480 stocks have contributed 30%. Over this period, the top 10 stocks' share of the S&P 500’s is up 13 percentage points, now reflecting a record 40% of the index. The top 3 stocks alone reflect a record 21% of the index's market cap. A few stocks are driving the entire market. Source: Bloomberg
Germany’s Dax index ended the year 2024 with a 18.85% gain after 20.3% rally in 2023
meaning the German benchmark index concluded its biggest 2-year run in more than a decade, even though Germany's GDP shrank in 2023 and probably also in 2024. 👉 SAP, Siemens Energy and Rheinmetall are among top performers. 👉 Chinese competition and lagging demand weigh on automakers. Source: Bloomberg, HolgerZ
With just 2 trading days left in 2024 here's a full heat map of the NASDAQ 100's $QQQ performance so far this year.
Source: Evan @StockMKTNewz
Yearly candles on the S&P 500. This looks like a multi-year breakout. 🐂 $SPX
Source: Trend Spider
Not the Magnificent 7, but 2024 was the year of BATMMAAN! 🦇
BATMMAAN: +70% YTD Mag 7: +65% YTD S&P 500: +27% YTD Source: Wall St Engine,@wallstengine
🚨 The S&P 500 is down 1.0% in December but most of the sectors have been in a carnage:
Energy -10.7% Materials -9.9% Real Estate -8.9% Utilities -7.6% Industrial -7.0% Healthcare -5.3% Financials -4.6% Consumer Staples -4.0% 🚨 Tech holds this market. Source: Global Markets Investor, Bloomberg
At 5,971, the S&P 500 is over 500 points above above the highest 2024 year-end price target from Wall Street strategists and 23% above the average target (4,861).
$SPX Source: Charlie Bilello
