Jonathan Krinsky, the chief market technician at BTIG, highlights that the Nasdaq-100, heavily weighted towards tech, has not seen a pullback of 2.5% or more in 303 trading sessions, marking it as the third-longest streak since 1990. While this streak does not necessarily indicate an immediate downturn in the AI-driven...
Today’s U.S. trading day is expected to start cautiously, with futures signaling a subdued opening for Wall Street despite the major stock indices maintaining their record highs. Over the past three months, both the Nasdaq Composite and the S&P 500 have seen significant gains, raising concerns among some about the...
Bespoke observes that March typically delivers moderate results for U.S. stocks, lacking the standout gains seen in other months. Despite a successful February for U.S. stocks, there’s speculation over whether investors might opt to cash in on those gains at the beginning of March. Reflecting on historical data since 1953,...
In evaluating the U.S. stock market with these parameters, Ray Dalio, founder of Bridgewater Associates, suggests that it doesn’t appear excessively bubbly, despite notable rallies and media attention on specific segments. Stocks have surged significantly since their October lows, marking four consecutive months of gains and propelling both the S&P...
Investors are acutely aware of potential shifts brewing in the background over the past 1.5 to 2 years, signaling the possibility of messy adjustments ahead, notes a strategist. While Federal Reserve officials may take months before considering any action on interest rates, traders are directing their attention to the often-overlooked...
Despite the prevalent discourse surrounding the dominance of a handful of companies such as the Magnificent Seven in propelling stock-market performance, the truth reveals a different narrative: the U.S. market stands as one of the least concentrated globally. This insight stems from the latest research findings presented in the global...
