From the Desk of Steve Strazza @Sstrazza and Alfonso Depablos @AlfCharts
Our Hall of Famers list is composed of the 150 largest US-based stocks.
These stocks range from the mega-cap growth behemoths like Apple and Microsoft – with market caps in excess of $2T – to some of the new-age large-cap disruptors such as Moderna, Square, and Snap.
It has all the big names and more.
It doesn’t include ADRs or any stock not domiciled in the US. But don’t worry; we developed a separate universe for that. Click here to check it out.
The Hall of Famers is simple.
We take our list of 150 names and then apply our technical filters so the strongest stocks with the most momentum rise to the top.
Let’s dive right in and check out what these big boys are up to.
The insider “run” on regional bank shares continues, with Form 4s from nine more directors and executives from boardrooms and C-suites in that troubled sector leading today’s Hot List:
Another day goes by and another bank that doesn't matter disappears.
This is a big deal.
In theory, investors should care about a handful of these regional banks no longer in existence.
But they don't.
In theory, there should be systemic implications to all of this, and the selling in little regional banks should spill into other, more important, parts of the market.
But it hasn't.
In theory, the inverted yield curve should precede a recession and all the money printing should ultimately cause a collapse.
