S&P 500 Hits New Highs, but These Stock-Market Indexes Are Struggling
Thursday could mark the fifth consecutive record close for the S&P 500, showcasing its ongoing strength. However, alternative indicators of the U.S. stock market reveal a less optimistic picture. The Value Line Geometric Index VALUG, an equal-weighted measure tracking the median performance of approximately 1,700 major listed companies in North America, lags significantly behind its […]
Bulls vs. Bears: Assessing Whether the Midweek Dip is a Sign of a Decent Pullback
U.S. stocks faced a clear risk of a technical pullback following a rapid surge from October lows. However, Wednesday’s abrupt downturn on Wall Street has prompted traders and analysts to contemplate whether more challenges lie ahead. Analyzing numerous charts, technical analyst Mark Arbeter, President of Arbeter Investments, observed, “Some Technology stocks are extremely extended, and […]
S&P 500 Journey: Bank of America’s Roadmap to 5,000
Analysts, including Savita Subramanian from Bank of America, are diligently working on their predictions like Santa’s elves. Subramanian, an equity and quantitative strategist, forecasts that the S&P 500 will reach an all-time high of 5,000 by 2024, creating an ideal environment for selective stock picking. Subramanian and her team provide numerous explanations for what appears […]