S&P 500 (^GSPC) performance and breadth have hit one of the biggest dislocations in 30 years. Fundstrat Global Advisors managing director Mark Newton and...
) performance and breadth have hit one of the biggest dislocations in 30 years. Fundstrat Global Advisors managing director Mark Newton and Yahoo Finance'sHyman notes that the index's performance has largely been driven by the tech sector. However, as the index reaches new heights, the number of stocks participating in that upward momentum trails behind.
So it's near the widest that it has been between the S and P and the percentage of companies within it trading above that moving average.So as you Julie, look through these charts for investors watching right now and traders does it suggest a potential slump could be coming?So the folks over at Bloomberg Intelligence they looked at these two other times in 2020 one and in 2023 and after that, we did start to see some movement downward in the S and P 500 so they say it could portend a slump.
The S&P 500 could crater 48% when the stock-market bubble pops and recession finally hits, elite strategist says
Mark Newton Fundstrat Global Advisors Managing Director Performance Dislocations Tech Stocks
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