Dow Negative Rolling Four-Month Returns
Meanwhile, the S&P500 managed to close last week at a new record high.
This was the highest weekly close in the history of the S&P500.
But do you know how many stocks on the NYSE were actually able to make a new 52-week high last week?
33
Yes that's right. 33.
That means that less than 1.4% of stocks on the world's most important stock exchange were able to make a new high during a week where the S&P500 closed at its highest price ever.
At what point does the lack of participation in the United States resolve itself?
Look at the percentage of stocks in each sector that are making new highs, using a variety of timeframes:
There are none.
So where are the new highs going to come from?
Last week was our LIVE Conference Call where we went over exactly which stocks we want to own for this summer as we head into the U.S. election season.
The team put together a quick note with 3 Key Takeaways from the call.
Click here to check out which major themes stood out the most.
Let me know what you think!
JC
When Big Investors Buy
Why is Warren Buffett accumulating a huge position in Occidental Petroleum $OXY?
Is a retired Congressman from Buffalo the greatest investor who ever lived?
More importantly, can we learn anything from what big and well-informed investors are doing with their own money?
The answer is "yes." We can complain that things are rigged in their favor. Or we can deal with reality as it is, dig in to what they're buying, and use it to our advantage.
We'll show you exactly how to do that in a free webinar on Thursday, June 13, at 4:00 p.m. ET.
As always, if you have any questions about recent price action and what's happening with markets right now, you can always drop us an email.