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Stocks
Megacaps Lag as Stocks Keep Rising. Has the Great Rotation Begun?

Megacaps Lag as Stocks Keep Rising. Has the Great Rotation Begun?

Money is streaming into abandoned corners of the stock market as yearend approaches. Are investors finally shifting away from megacap growth names like Apple and Microsoft? The S&P 500 rose 0.8 percent between Friday, November 24, and Friday, December 1. It was...

Stocks Jumped in November as Sentiment Quickly Turned Bullish

Stocks Jumped in November as Sentiment Quickly Turned Bullish

Stocks ripped higher in November as extreme pessimism morphed into confidence about interest rates and inflation. The S&P 500 surged 8.9 percent between October 31 and November 30, its biggest monthly gain since July 2022. The index is back near peaks from the...

Nvidia Is Sitting Quietly After Another Strong Report

Nvidia Is Sitting Quietly After Another Strong Report

Nvidia is the only member of the S&P 500 that's tripled this year. Now it's stuck near record highs as traders enter the home stretch into 2024. This chart highlights some a few patterns on the semiconductor giant. First, notice how prices have shown signs of...

Confidence or Complacency? Fear Index Returns to Pre-Covid Levels

Confidence or Complacency? Fear Index Returns to Pre-Covid Levels

Stocks continued their winning streak last week as the market sees a potential return to normal following years of turmoil. The S&P 500 rose 1 percent in the Thanksgiving-shortened period between Friday, November 17, and Friday, November 24. It was the fourth...

The Nasdaq Pushes Weekly Highs. Are Rate Cuts in the Cards?

The Nasdaq Pushes Weekly Highs. Are Rate Cuts in the Cards?

Stocks are nearing key highs on optimism the Federal Reserve is finished raising interest rates. The S&P 500 rose 2.2 percent between Friday, November 10, and Friday, November 17. It was the third consecutive positive week, landing the index back near peaks from...

Chart of the Day: Lululemon Could Be Running

Chart of the Day: Lululemon Could Be Running

Lululemon spent more than half of 2023 in a range, but now it could be starting to run. The first pattern on today’s chart is the bullish gap after LULU was added to the S&P 500 last month. The stock pulled back in late October, made a higher low and proceeded to...

Did Stocks Just Break Out? Here Are Key Facts as Inflation Cools

Did Stocks Just Break Out? Here Are Key Facts as Inflation Cools

Higher inflation sank stocks into a bear market early last year. Now slowing inflation may be setting the market up for a return to new highs. The S&P 500 jumped 1.9 percent yesterday. But perhaps more important, the index broke a falling trendline from the...

Nasdaq Powers to 3-Month High as Fears Keep Dissolving

Nasdaq Powers to 3-Month High as Fears Keep Dissolving

Big growth stocks are continuing their rebound as fears dissolve and investors put money to work before yearend. The S&P 500 rose 1.3 percent between Friday, November 3, and Friday, November 10. The index was little changed for most of the week before clawing...

Stocks Jump as Evidence Mounts That the Fed Is Done Hiking Rates

Stocks Jump as Evidence Mounts That the Fed Is Done Hiking Rates

Stocks just exploded higher on hopes that the Federal Reserve is done hiking interest rates. The S&P 500 rose 5.9 percent between Friday, October 27, and Friday, November 3. It was the biggest weekly gain since last November. About 94 percent of the index's...