31 May 2024
Momentum is the winner YTD 🏆
Source: The Long view
30 May 2024
The S&P 500 just posted its best weekly streak in 35 years.
The index has increased in 23 of the last 30 weeks, a joint record since 1989, according to Deutsche Bank. It could thus be that some consolidation is due... Source chart: DB, The Kobeissi Letter
28 May 2024
S&P 500 $SPX hasn't declined by 2% or more for 317 consecutive trading days, the longest streak since a 351-day stretch that lasted from Sep 2016 through Feb 2018.
Source: Barchart
28 May 2024
Did you know that the S&P 500 has been basically flat vs gold over the last six years? 🤔
Source: Markets & Mayhem, BofA
27 May 2024
$RSP (S&P Equal-weight) vs. $SPX (S&P 500) just broke key support level
Source: Ian McMillan
24 May 2024
Divergence between DJ Transports and S&P500 is something to watch.
The former is seen as a reliable indicator of domestic activity Source: Lawrence McDonald, Bloomberg
23 May 2024
S&P 500 is up 11.6% in the first 98 trading days of 2024, the 19th best start to a year going back to 1928.
$SPX Source: Charlie Bilello
21 May 2024
Not all new highs are the same.
Awesome chart from @sonusvarghese thru Ryan Detrick here. End of March, SPX up 10.2% YTD. Only 3.1% from EPS growth and the rest (7.1%) was from multiple expansion. On 5/15, SPX up 11.1% YTD. Now 5.3% from EPS growth and 6.0% from multiple expansion.
