





As 2024 draws to a close, the Nasdaq 100 ($QQQ) has shown a total return of 437% over the past decade, significantly outperforming the S&P 500 ($SPY), which returned 241%, and China Large Cap Stocks ($FXI), which declined by 4%. In the final trading days of the year, the Nasdaq 100 increased by 0.76%, while the S&P 500 rose by 0.65%. However, the broader market shows signs of weakness, with only 31% of S&P 500 firms outperforming the index year-to-date, a figure reminiscent of the 1998-1999 Dot-Com Bubble. Additionally, the Russell 2000 index has underperformed the Nasdaq 100 for the past 17 years, with small-cap stocks rising 284% since 2007 compared to 1,159% for the Nasdaq 100. On December 29, only 18% of NYSE stocks closed higher, marking the lowest share on record for the last three trading sessions of the year, raising concerns about a potential market correction.
Just how bad is S&P 500 breadth right now? $SPY Only 14% of the index is trading above its 20-day SMA. This is the lowest level we've seen in over a year. 👀 https://t.co/GRM6557g4V
Performance since Election Day: Nasdaq 100 $QQQ: +5.8% Russell 2,000 $IWM: -0.7%
⚠️THE MARKET IS EXTREMELY WEAK UNDER THE SURFACE⚠️ Only 18% of NYSE stocks closed higher on Friday, the lowest share on record on any of the last 3 trading sessions of a year. Is this a harbinger of a stock market correction or a time for a strong bounce? Can get it worse? https://t.co/Lz9t1geegu