2 years ago
Quick Take
According to the planetary markets newsletter, the Kobessi Letter, the year-to-date show of the S&P 500 shows a striking disparity of the underlying assets down its awesome summation of 15%.
Seven tech giants – Meta (Facebook), Amazon, Apple, Microsoft, Google, Tesla, and Nvidia – are collectively up by a staggering 58%. In contrast, the remaining 493 companies listed connected the scale person seen lone a humble summation of 4% successful the aforesaid period.
S&P: (Source: Kobessi Letter)Historical Market Trends: A Seasonal Pattern?
A notable signifier emerges erstwhile exploring the humanities show of the S&P 500 (SPX) astir the past 3 recessions. Each time, the SPX peaked conscionable aft the summertime months portion the fed started to chopped rates. Specifically:
- The 2000 highest occurred successful August.
- The 2007 highest took spot successful October.
- The 2018 highest happened successful September.
This inclination prompts the question: Will this post-summer highest signifier persist successful aboriginal recessions? As always, portion humanities patterns tin supply insight, they should not beryllium considered a guaranteed prediction of aboriginal performance.
S&P: (Source: TV)The station Tech titans and seasonal trends: A deeper look into S&P 500 performance appeared archetypal connected CryptoSlate.
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