Tech was only sector that saw a gain today; now getting a bit closer to Comm Serv’s YTD gain of nearly 20%; REITs fell most today and continue to hold last-place spot YTD … small caps struggled relative to large caps, led to downside by Russell 2000 Value (which is now down YTD) pic.twitter.com/81WVyiIfv9

Since S&P 500’s October 2022 low, forward P/E (blue) is up 37.1% while forward EPS (orange) are up 8.4% pic.twitter.com/pvRQuC7zjA

“I haven’t the faintest idea as to whether stocks will be higher or lower a month or a year from now. What is likely, however, is that the market will move higher, perhaps substantially so, well before either sentiment or the economy turns up. So if you wait for the robins,… pic.twitter.com/KWdYdEdagf

Including dividends, the S&P 500 is up 12.2% in 2024, well above the +4.5% average gain since 1990 at this point in the year. bilello.blog/newsletter pic.twitter.com/vEZLFMkcky