S&P 500 $SPX is now entering the worst 2-week period of the year based on data going back almost 100 years.
Source: Bloomberg
2024 YTD S&P 500 Returns by Sector
source : pauldejong
The S&P500 Index Returns Based on the Year of the Dragon
source : carson
Only 6 weeks into 2024, and the S&P 500 and other indexes have already reached new ATH's.
With the S&P up 5.38% YTD and the Nasdaq showing a 6.75% increase, let's see which stocks are the outperformers so far 1. $SMCI - Super Micro Comp - 160.4% 2. $ARM - ARM - 53.3% 3. $NVDA - Nvidia - 45.7% 4. $PLTR - Palantir - 42.0% 5. $CLFT - Confluent - 35.6% 6. $APPF - AppFolio - 34.9% 7. $META - Meta - 32.2% Source: KoyfinCharts Note: only companies with Mcap >$5B and an Altman Z-Score >3. No biotech companies.
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
