Daily Report : Top 5 stocks mask some underlying issues; Foreign buyers come back in a historic way


  • Jason Goepfert

    Jason Goepfert

    Published: 2020-07-21 at 17:32:03 CDT

The top 5 stocks in the S&P 500 are holding the most weight in the index since 1979, which has helped to mask some underlying weakness in the breadth of the index. On Monday, the index rose the most ever given how many more declining than advancing stocks were in the index.; Foreign buyers bought a record amount of U.S. stocks in May, accounting for more than 0.25% of total market capitalization. Historically, big flows by these entities have been a modest contrary indicator, suggesting that this optimism is a slight negative going forward.


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