Jason Goepfert

6-23-2020 at 5:32 pm

Daily Report : Looking at the last week of a big quarter; Indexes, and safe havens, rally without bringing members along

This quarter has been among the very best in market history. Since 1928, this currently ranks in the top 10 of all quarters. When we look at how the S&P has fared up to the last week of each quarter, we can see a negative correlation with the return during the last week, potentially a result of rebalancing activity.; The S&P 500 is more than 3% above its 200-day average, with fewer than 45% of its stocks rising above their own averages. That hasn't happened since 2000. It's also odd that the Nasdaq hit a 52-week high on the same day as gold, a safe-haven asset. This adds to discomforting oddities triggering in the current market.

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