BREAKING: The S&P 500 has just hit its 23rd all time high this year and is now up 29% since October 2023
This means that the S&P 500 has officially added $10 TRILLION in market cap since its October 2023 low. The index is now up 11.5% in 2024 even as a total of four interest rate cuts have been priced-out since January. We are on track to see the most all time highs in a year since 2021. Over the last 12 years, the S&P 500 has hit 370 all-time highs, which is more than any 12-year period in history. $SPX Source: Charlie Bilello, The Kobeissi Letter
S&P 500 $SPX hits all-time high
Source: Barchart
JUST IN: The odds of SEC rejecting Ethereum ETFs by claiming ETH is a security have gone up
Source: Bloomberg's @JSeyff
Copper jumps to highest price since April 2022 👀
Source: Barchart
Short squeeze in copper
Source: Bloomberg
Gamestop $GME is up 110% because Roaring Kitty posted a meme after 3 years of silence. So is this garbage???
Source: Geiger Capital
Hang Seng Index just topped 19,000 again.
Rally +27% from the low. And even after that gain, index still trading below 10x earnings Source: David Ingles, Bloomberg
In most cases, market breadth leads price. NYSE, S&P 500, and Midcap advance/decline lines all made new all-time highs last week.
Small caps are on the verge of new 52-wk highs. Some support for a potential summer rally? Source: Ryan Detrick
