Have analysts become too bullish on the S&P 500 ???
Source: Markets & Mayhem
Based on futures market positioning, hedge funds and asset managers have been missing the rally
Source: Trend labs
This is BCA's "Chart Of The Week": Has momentum turned in equities?
Two momentum signals: 1) Value vs. Growth just flipped positive for the first time since mid-2024. 2) Small vs. Large has been rising since late 2024. BCA team noted this rare alignment has historically fueled multi-quarter cyclical outperformance. Source: BCA
This is a composite of stocks that trade on the world's most important stock exchange.
After consolidating for about 10 months, the NYSE Composite Index just closed at the highest levels ever. Source: J-C Parets
SP500 market breadth has been improving
Indeed, 68% of S&P 500 stocks are now trading above their 200-day moving average, the most this year 📈 Source: Barchart
Best performing SP500 stocks ytd
Source: Shiny Stocks ⚒️ @shinystocks on X
Chinese stocks are on 🔥
- Turnover nearly 2 trillion yuan in the morning session - CSI 300 within 1% of 2022 high - Technicals signaling short-term overheating. Meanwhile, HSBC lifts China index targets: "We lift our end-2025e target for SHCOMP to 4,000 (from 3,700), CSI300 to 4,600 (from 4,300), and SZCOMP 13,000 (from 11,500) given the abundant liquidity" Source: David Ingles, Bloomberg
😨 Worried about investing at all-time highs?
History says you shouldn’t be. Since 1989, forward returns after new highs have actually been better than at other times: 1yr: +13.5% vs +11.8% 3yr: +44% vs +39% 5yr: +82% vs +74%. Source: Charlie Bilello
