The SP500 is already up 5.4% on the year, well above the 1.9% average gain Wall Street strategists were predicting for all of 2024. $SPX
Source: Charlie Bilello
The S&P 500 is now 15% higher than where it was when the Fed started hiking rates in March 2022. $SPX
Source: Charlie Bilello
S&P 500 closes above 5,000 for first time ever.
It took 719 sessions for the index to set its latest 1,000-point milestone, a gain of 25%. The 50% advance from 2,000 to 3,000 needed 1,227 trading days, from 2014 to 2019, acc to data compiled by Bloomberg. To double from 1,000 in 1998, it needed 4,168 sessions to get to 2,000 in 2014. Source: HolgerZ, Bloomberg
🍾 S&P 500 closes over 5,000 for the first time in HISTORY
Most of the major US equity indexes moved higher over the week, with the S&P 500 Index reaching new highs and breaching the 5,000 threshold for the first time. The advance remained relatively narrow, however, with an equally weighted version of the index significantly trailing the standard market-weighted version for the fourth time in five weeks... Source hashtag#chart: Genevieve Roch-Decter, CFA
More than 70% of stocks in the index underperformed. That is a record for this century.
Source: Gavekal, The Daily Shot
The S&P 500 crossed above 5,000 today for the first time. It took 757 days to go from 4,800 to 4,900 and just 15 days to go from 4,900 to 5,000.
Source: Charlie Bilello
SPX 4,999.89 ......So Close ....
source : bloomberg
LESS IS MORE... or MORE WITH LESS.
This data is eye-opening. The number of workers needed at S&P 500 companies to generate $1 million in revenue has gone from: 7+ in pre-1990 period to only 2 in 2024 With AI developments, this metric is likely to continue declining Source: Game of Trades
