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
The Ratio of Emerging Markets to US Equities is now at an all-time low, breaking below the prior low from March 1999.
Source: Charlie Bilello
THIS IS ONE OF THE MOST EXPENSIVE MARKETS IN HISTORY
Most valuation indicators are at or near the highest levels since the 2000 Dot-Com BUBBLE. Some of them exceeded these levels, such as the Buffett ratio. Some indicators imply negative returns over the next few years. Source: Global Markets Investor @GlobalMktObserv, Hubert Ratings
"Bad" newspaper headlines do not always translate into bad equity returns...
Believe it or not but both Israel and China outperformed all the major U.S. Indexes in 2024. Source: J-C Parets
Market Performance After Christmas
Day after Christmas – NASDAQ & Russell 2000 Up 72.2% of time with average gains of 0.38% and 0.40% respectively. source : almanactrader
