The S & P 500 could close at an historic high today.
On January 4th, three days into the new year, the S & P 500 closed at 4,688, down 1.7% for the very young new year.
Now another indicator, the First Five Days indicator, was about to fail too.
What turned things around was an old-fashioned tech rally, the exact thing that everyone was ready to write off because, well, after being the Big Story of 2023, a big-cap tech rally couldn't happen again, right?
S & P Sectors YTD Health Care + 1.9% Consumer Staples - 0.2% Energy - 4.5% Real Estate - 4.3% Banks - 3.5% Consumer Discretionary - 2.3% What's the lesson?
Persons:
Dan Ives, AI Jensen, Ives
Organizations:
Santa, Apple, Microsoft, Nvidia, Staples, Energy, Nadella
Locations:
Wedbush