SPXT - Don't Call It A Stock Market Because It Ain't - It's An MA Market
- There are times when the overall stock market becomes very selective, hiding damage beneath the surface while the overall indices like the S&P 500, the Dow Jones Industrial Average, or NASDAQ power higher.
- From the middle of March to the middle of September, the S&P 500 was being powered by only a handful of stocks that were doing the lion’s share of performance - two in particular.
- Looking ahead, we are just over a year into the recovery after the COVID-induced recession of 2020 and economic expansions typically do not end until the Fed has tightened monetary policy and constricted credit growth.
For further details see:
Don't Call It A Stock Market Because It Ain't - It's An "MA Market"