Stocktake: ‘Strength begets strength’ for stocks

Australia News News

Stocktake: ‘Strength begets strength’ for stocks
Australia Australia Latest News,Australia Australia Headlines

Rally has been broad-based with 92% of S&P 500 stocks trading above their 50-day moving average last week

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 10 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 98%

Incredibly, less than 1 per cent of stocks were trading above their 50-day average just two months ago. Photograph: Spencer Platt/Getty ImagesA two-month gain of 19 per cent may seem unsustainable, but multiple indicators continue to suggest this is a healthy market rally.

That’s a significant number – according to Todd Sohn of Strategas, every major market low over the past 50 years has been marked by that metric exceeding the 90 per cent level.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

IrishTimes /  🏆 3. in AU
 

Australia Australia Latest News, Australia Australia Headlines



Render Time: 2025-01-18 05:15:04