Top news
S&P 500 rises to record close Friday despite inflation fears, posts best week since February
By Tanaya Macheel & Maggie Fitzgerald
Tech stocks lead the markets higher for a second day, Nasdaq notches its best day since March
By Yun Li & Tanaya Macheel
S&P 500 rises for a third day, nears another record as investors bet economy bucks omicron threat
By Tanaya Macheel & Maggie Fitzgerald
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Formerly TwitterLiz Ann Sonders
LizAnnSonders
4-point spread has opened between S&P 500’s forward (blue) and trailing (orange) P/E ratios pic.twitter.com/usF4Ys19oC
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Liz Ann Sonders
LizAnnSonders
S&P 500’s price/sales ratio has rolled over a bit but still looks stretched relative to history pic.twitter.com/4rZf1gk8Zt
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Ryan Detrick, CMT
RyanDetrick
Since 1990, I found 20 other times the S&P 500 opened green, but eventually closed red three consecutive days.
It just happened today.
Negative returns on avg a month later and up only 55% of the time.
Could this be a subtle clue the bulls are losing control? pic.twitter.com/44TsdTybMZ
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Ryan Detrick, CMT
RyanDetrick
S&P 500 up 27.9% the past 12 mos, but also higher YoY each of the past 12 mos.
What happens after positive YoY 12 mos in a row?
Ultimate streak goes to nearly 30 mos on avg.
Returns 1, 3, 6, and 12 mo later are about avg.
Bottom line, long streaks like this aren't bearish. pic.twitter.com/mglNqwnjRE
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