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The S&P 500 index has demonstrated significant outperformance over global assets correlated to risk sentiment in recent weeks. Over a 20-day period, the S&P 500 has cumulatively outperformed a model by as much as 3.07%. Year-to-date, the index has risen by 22.55%, surpassing most other global stock markets. Analysts note that the S&P 500's sector correlations have effectively predicted near-term market trends, indicating a positive outlook. Furthermore, the S&P 500 has outperformed global stocks by 13% this year, positioning it for potential consecutive annual outperformance, marking the eighth year of such performance in the last decade.
The S&P 500 has outperformed global stocks by 13% year-to-date and is on track to outperform for the second consecutive year. This would also be the 8th year of S&P 500 outperformance over the last decade. The S&P 500 has rallied 22% year-to-date, more than double its… https://t.co/HEYZ1rd1BL
S&P 500 sector correlations to the index have been remarkably good at predicting near-term weakness over the last 2 years. Their most recent readings suggest clear skies ahead. $SPY
Over the last 20 days, we have generally seen the S&P index outperform the signals from global assets correlated to risk sentiment. The S&P has outperformed the model by +2.41% cumulatively during the period. https://t.co/AWWatLCZWm