Market

Hey, it’s Ross Givens here with the Chart of the Day. Examining S&P 500 companies’ performance against quarterly earnings expectations since 2018 reveals a consistent trend of outperformance. Despite heightened expectations, the latest data indicates 76% of S&P 500 companies have exceeded expectations, surpassing the 10-year average. This suggests robust market fundamentals, alleviating concerns about an imminent pullback. Join me in today’s Insight of the Day to explore the ongoing opportunities in the market.

Hey, it’s Ross Givens here with the Chart of the Day. Despite other indexes hitting new highs, the Russell 2000, a small-cap benchmark, remains approximately 15% below its all-time peak since January 2020. The prolonged consolidation pattern since March 2022 seems to be changing, with recent price action hinting at a potential breakout. In today’s Insight of the Day, I’ll guide you through why scanning for opportunities in small caps might be the most lucrative move right now.

Hey, it’s Ross Givens here with the Chart of the Day. In the past two years, the market has trended only about 30% of the time, spending the rest in downturns or sideways movement. Currently, we find ourselves in a ‘Power Trend.’ Analyzing the S&P 500 index over 104 weeks, only 27 met the criteria for sustained uptrends. As highlighted in the yellow boxes, specific conditions indicate a Power Trend, and right now, we’re in one. In today’s Insight of the Day, I delve into why, during these trends, we should be accelerating our strategies rather than holding back.

Hey, it’s Ross Givens here with the Chart of the Day. As Bitcoin makes a powerful move, surging nearly 10% to cross the $60,000 threshold, the cryptocurrency’s robust performance signals a prevailing ‘risk-on’ sentiment in the broader market—a positive indicator for traders. Although Bitcoin has yet to reach its November 2021 all-time high of $69,000, the current price is approaching key resistance levels. In today’s Insight of the Day, I delve into the significance of a potential breakout and its implications for overall market risk sentiment.

Hey, it’s Ross Givens here with the Chart of the Day. As the SPX leads the charge, surpassing January 2022 highs, the RSP appears poised for an imminent breakthrough. While mega-cap stocks exert a considerable impact on the SPX, the RSP’s breakout demands broader market participation. The moment the RSP clears its previous all-time high, it signals the onset of a robust and sustainable bull rally, possibly preceded by a pullback. However, seizing opportunities doesn’t hinge on the RSP breakout alone. Join me in the Insight of the Day for a comprehensive perspective on navigating the current market landscape.

Hey, it’s Ross Givens here with the Chart of the Day. Market sentiment, often overlooked, plays a crucial role. The AAII sentiment survey reveals a recent dip in bullish sentiment and a corresponding increase in bearish sentiment. While this signals a potential pullback or pause, it’s crucial to note that absolute bullish sentiment remains higher than late January. This insight sheds light on the market’s likely trajectory—a temporary setback before a stronger breakout. Learn more about the intricate relationship between sentiment and market movements in today’s Insight.