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The number of NYSE stocks making 52-week highs on Thursday was the highest since May 2021 https://t.co/chDexQWTT0
The number of NYSE stocks hitting new 52-week highs on Thursday was the highest since May 2021. https://t.co/N3q9jZlBa5
In December more than 90% of the stocks in the S&P 500 were above their 50-day moving avg. Noted then that a yr later stocks were higher 14 out of 15 times and up 16% on avg. If the rally in '24 is surprising you because of yield curves or M2, I'll just say there were clues. https://t.co/pFB7XSmFSS
The S&P 500 index saw a significant increase in new 52-week highs on Thursday, with 117 companies reaching this milestone, the highest in three years. This surge in market performance is seen as positive news for investors, with historical data suggesting potential bullish trends ahead.