
Recent analyses indicate that the U.S. stock market is performing exceptionally well compared to global equities. The Equal-Weighted S&P 500 index has dropped to levels not seen since the 2009 financial crisis, suggesting that the S&P 500 has outperformed an average stock by the largest margin in 15 years. Additionally, U.S. stocks are reportedly outperforming global equities by the largest margin in 75 years. As of January 27, the cap-weighted S&P 500 ETF ($SPY) is down 1.8% in early trading, while the equal-weighted version ($RSP) is down only 0.32%. Furthermore, a cross-asset model indicates a -0.46% loss for the S&P, with futures down 2.08% since the prior close. Over the last 20 days, the S&P has cumulatively outperformed global assets correlated to risk sentiment by 1.39%.
The cap-weighted S&P 500 ETF $SPY is down 1.8% in early trading, but the equal-weighted version $RSP is down just 0.32%.
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 +1.39% cumulatively during the period. https://t.co/uWL74YPRTz
Ahead of the NY Open, our cross-asset model indicates a -0.46% loss for the S&P (while futures are down -2.08% since prior close). The signal from Commodities is most bullish (-0.08%), while the signal from Global Equities is least bullish (-0.57%). https://t.co/tIWf7y7GLM





