IVE had been moving opposite momentum, but it was slightly higher in afternoon trading.
In the recent past, when the stock market returned to highs previously, Redler said it was led by FANG. "This time tech and FANG are kind of in line and not a headwind," he said, "but it's the broad-based nature of the value names, small caps and banks that lifted the S&P to play catch up, and lifted it back to its highs."
Frank Cappelleri, executive director at Instinet, said the best case scenario for the market is for the momentum laggards from earlier in the week to join the value and other stocks that are moving higher. He said the software sector is a key group to regain ground. Microsoft was up 1.4% Thursday after getting knocked down earlier in the week.ETF] SMH has quietly gotten back to its highs of the summertime," said Capellerri.
stonks go up on hopes and dreams!!! THIS TIME ITS DIFFERENT
Is this the recession you've been talking about?
Great, so the FED should raise interest rates if that is truly the case. Thanks for bringing that to our attention.
Yun Li lies
you kids are pushing on a string. Macro momentum turned down in October 2018 and all we are getting are weak pushups.
YES turn bullish....... thats when the selling starts
Who wants to bet the Fed will ruin everything next week?
Just keep your eye on two factors... The market cap and of course the PE ratio
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Source: CNBC - 🏆 12. / 72 Read more »