The S&P 500 began a rally off its cyclical bottom 11 months ago, after the consumer-price index showed hotter-than-expected inflation. A similar move following Wednesday’s data is unlikely, according to Jonathan Krinsky, chief market technician at BTIG.
In October 2022, the gauge of large-cap U.S. equities put in a cyclical bottom at 3,577, according to FactSet data. Since then, the S&P 500 has gained 25%. Still, the percentage of S&P 500 components above their 200-day moving average was only 48% as of Wednesday, well below the historical average, suggesting limited market breadth, according to Krinsky. Market breadth refers to measurements of how many stocks are participating in a move.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
S&P 500’s tech stocks slump, with Apple event failing to provide boost to the sectorThe S&P 500’s information technology sector wasn’t getting any help from Apple Inc. on Tuesday afternoon, after the tech giant’s highly-anticipated marketing...
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »
Stay upbeat on U.S. stocks, says SocGen, which just boosted its S&P 500 targetSociété Générale's top U.S. equity strategist has lifted his S&P 500 target for 2023, saying investors want to buy growth and industrials. But a 'shock' is...
Sumber: MarketWatch - 🏆 3. / 97 Baca lebih lajut »
These are the market's cheapest stocks with upside — including one expected to have a 90% comebackCNBC Pro screened for cheap stocks on the S&P 500 that analysts forecast having upside potential.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »
S&P 500: How to Protect Your Profits in a Sideways MarketStocks Analysis by Jani Ziedins covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Jani Ziedins's latest article on Investing.com
Sumber: Investingcom - 🏆 450. / 53 Baca lebih lajut »