May 2024
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Weekly Performance S&P 500 0.03% Equal Weight S&P 500 (RSP) -1.30% NASDAQ 1.41% DOW -2.33% Russell 2000 (VTWO) -1.24% Talk of the Tape Nvidia did it again. Jensen provided an ample spark to work with. Although I am uncertain it will fully reignite the AI-halo, the report justifies expectations for S&P 500 earnings growth. By…
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Yeah, yields are a little hotter today. Are they responsible for the tough tape? This heat map tells a different story. Nvidia is $2.5 trillion – trillion with a “t” – company. You can’t have a 9% rise in a company of that size in a single session without a lot money coming to buy…
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Weekly Performance S&P 500 1.54% Equal Weight S&P 500 (RSP) 1.16% NASDAQ 2.11% DOW 1.24% Russell 2000 (VTWO) 1.74% Talk of the Tape Although PPI warned of higher inflation to come, lower retail sales and cooler CPI alleviated those concerns for the time being, allowing the stock market breadth to continue expanding. The Week Ahead…
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Weekly Performance S&P 500 1.85% Equal Weight S&P 500 (RSP) 2.04% NASDAQ 1.14% DOW 2.16% Russell 2000 (VTWO) 1.18% Talk of the Tape Absent blockbuster earnings and economic releases, the major indices levitated higher as dovish commentary from the prior week’s FOMC continued to soak into equity prices. The Week Ahead Monday Tuesday Wednesday Thursday…
Gorilla With Glasses 