So far, S&P 500’s selloff since late March has been all multiple contraction (forward P/E, blue) as forward EPS (orange) have moved higher pic.twitter.com/su7aJ9rg5q
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Liz Ann Sonders
LizAnnSonders
S&P 500 closed in red for 3rd week in row (longest losing streak since September); last week was also worst in over a year (-3.0%); despite sell-off, handful of large-cap segments were up with Utilities leading way; worst-hit was Technology
@SPDJIndices pic.twitter.com/LoNvVeDKZh
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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.