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Animal Spirits: All In on US Stocks
Michael Batnick
December 25, 2024
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On today’s show, we discuss:
Charts:
Tweets:
We are seeing capitulatory, bear market low type oversold readings in the middle of a strong bull market.
Look at this metric:
- % S&P 500 with RSI below 30 (yesterday): 31.5%
- % S&P 500 with RSI below 30 (9/30/22) : 31.9%👇
— Matt Cerminaro (@mattcerminaro)
2:48 PM • Dec 20, 2024
"What a rollercoaster ride. The S&P 500 has swung from its worst breadth day in months to its best within 3 sessions. Not many losses over the next 3-6 months."
@jasongoepfert
— Daily Chartbook (@dailychartbook)
2:30 PM • Dec 21, 2024
The 10 largest stocks in the S&P 500 now represent 39.9% of the index's market cap
— Kevin Gordon (@KevRGordon)
1:56 PM • Dec 23, 2024
"Strategists have never chased the market higher- harder w/ targets than today."
@RenMacLLC
— Daily Chartbook (@dailychartbook)
4:34 PM • Dec 21, 2024
After 25.3 million autonomous miles driven, @Waymo vehicles have an 88% reduction in property damage claims and a 92% reduction in bodily injury claims compared to human drivers per mile driven. 🚖
— Jeff Dean (@JeffDean)
7:22 AM • Dec 20, 2024
Apple $AAPL is developing a smart doorbell with advanced facial recognition that would let you into your house using Face ID - Bloomberg
— Evan (@StockMKTNewz)
2:25 PM • Dec 22, 2024
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