The S & P 500' s latest run to a record high last week took it through an obstacle course of macroeconomic and company-specific hazards.
Stocks are not at all cheap, with the S & P 500 at 20-times year-ahead earnings, which probably will mute multi-year returns.
The median S & P 500 stock is flat year to date, is up 13% over the past three months, has gained 30% off its 52-week low and is within 8% of its 52-week high.
On Friday, even as a majority of stocks fell with the S & P 500 gaining 1%, there were 175 NYSE new 52-week highs compared to 54 new lows.
Here are the equal-weighted industrial and consumer-discretionary sectors compared to the equal-weight S & P 5600 since just after the bear-market low in October 2022.
Persons:
Stocks, Craig Johnson, Piper Sandler, it's, Steve Deppe, Jobs, Jerome Powell, Friday's, Henry McVey, KKR's, Keith Lerner
Organizations:
Treasury, Wealth Management, Meta, Microsoft, Truist, Equity
Locations:
Meta, handicapping