13 May 2024
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
13 May 2024
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
7 May 2024
Hang Seng Index is up for 10 straight days now.
Source: Bloomberg, David Ingles
23 Apr 2024
United Kingdom's stock exchange, FTSE 100, hit an all-time high for the first time in more than a year
Source: Bloomberg, Barchart
22 Apr 2024
JUST IN: The New York Stock Exchange is considering a proposal for 24/7 trading, according to FT.
In other words, the stock market would never close much like crypto markets are now. Should 24/7 trading be approved? Source: FT, The Kobeissi Letter
18 Apr 2024
“You get recessions, you have stock market declines. If you don’t understand that’s going to happen, then you’re not ready, you won’t do well in the markets.” - Peter Lynch
Source: Charlie Bilello
16 Apr 2024
The S&P 500 is only down 3.7% from its peak closing price at the end of March.
The median intra-year drawdown since 1928 is -13%. What were seeing today is normal volatility - the first 3 months of the year were abnormally smooth. Source: Charlie Bilello
16 Apr 2024
The sp500 closed below its 50-day moving average today for the first time since last November, ending the 10th longest streak since 1950.
Source: Charlie Bilello
