April @RichmondFed Manufacturing Index (blue) rose to -7 vs. -8 est. & -11 in prior month…new orders increased; shipments rose…employment (orange) dropped to -2 pic.twitter.com/L19vhjQoH4
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Liz Ann Sonders
LizAnnSonders
S&P 500’s rolling 1-month correlation has moved higher but remains low relative to history (especially when comparing to prior corrections) pic.twitter.com/0xGM4kieRc
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Ryan Detrick, CMT
RyanDetrick
S&P 500 with a max pullback of 5.5% in '24 so far.
Since 1980, only 4 full years saw a smaller pullback.
Avg yr since 1980 with a 14.2% max pullback. pic.twitter.com/2SZwV4mwlL
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Ryan Detrick, CMT
RyanDetrick
79 stocks in the S&P 500 made a new 10 day high, most in two weeks.
33 made a new monthly high, again, most in two weeks.