In the final run-up to the late-July peak in stocks this column surveyed the rally , and asked, "Enough for now?
.SPX YTD line The S & P 500's year-to-date performance Yes, the market is overbought by various technical measures.
Meanwhile, Wells Fargo and Barclays are seeing the S & P 500 as dead money next year, at best.
The virtues of owning the S & P 500 passively have always been low cost, tax efficiency, low turnover and broad exposure to the asset class.
While 2021 was a Nasdaq 100 melt-up year, 2022 was the mirror image: Big Tech got blasted and the equal-weight S & P 500 held up better.
Persons:
Goldman Sachs, Morgan Stanley, Wells, Jack Bogle, Alan Greenspan's
Organizations:
Federal, Deutsche, Deutsche Bank and Bank of America, Barclays, Hamas, Nasdaq, Nvidia, Meta, Apple, Microsoft, Big Tech, matchless, Treasury
Locations:
Wells Fargo, Israel