“Far more money has been lost by investors in preparing for corrections, or anticipating corrections, than has been lost in the corrections themselves.” - Peter Lynch
Source: J-C Parets
Bear markets pale in comparison to bull markets, both in market movement and duration.
Remember this chart during the next - and inevitable - correction or bear market. Source: Peter Mallouk
Record strong breadth!
Yesterday was the 6th consecutive day that more than 2/3 of the S&P advanced. First time this has happened in 30+ years. h/t @FrankCappelleri
The fourth quarter earnings season is longer than the others because companies need to complete their year-end numbers and get signed off on by the auditors.
Therefore, only half of those S&P 500 $SPY companies expected to report in February have scheduled earnings yet, so look for those right bars to get bigger. That said, we have a pretty good look at the next few weeks. This week will still be mostly about the Financials $XLF, but we’ll begin to get Industrials $XLI reporting too. source : earningswhisper
$NVDA: The Driving Force Behind the S&P 500’s 2024 Rally
NVIDIA’s incredible 170% gain in 2024 has played a pivotal role in the market’s performance, contributing to over 20% of the S&P 500’s return. source : BofA, Mike Zaccardi, CFA, CMT, MBA
History has been made again in stocks:
Over 68% of the S&P 500 stocks have closed higher for 5 consecutive days, matching all previous records since 1928. If the same occurrence happens on Tuesday, it will mark a new record streak. In other words, the market's breadth has significantly improved. The last 2 times when such a streak occurred were in January and June 2019 which resulted in more upside in stocks. A similar trend was seen in September 2009 which resulted in the S&P 500 rallying 8% in the subsequent 3 months. Can bulls capitalize on this momentum? Source: The Kobeissi Letter
Over a third of the S&P 500 is now concentrated in the "Magnificent Seven" stocks, up from a fifth of the index two years ago.
Source: Charlie Bilello
Earnings do matter
Source: Investment Strategy Group, Bloomberg, S&P Global
