Can "stocks" rally without Tech? Every pundit yesterday said yes.
Today, even the Russell 2000 can't rally without Tech.
Note that every time the RUT broke the upper Bollinger band (2 sigma) the market imploded. Six times in a row, now on seven… pic.twitter.com/6l5gh5sWLu
— Mac10 (@SuburbanDrone) July 17, 2024
What happened in Y2K when Tech imploded?
The Russell 2000 small cap index outperformed on a relative basis.
The S&P 500 lost -50%.
FYI to those with amnesia now, or those who were in kindergarten back then. pic.twitter.com/mwyYG3aP55
— Mac10 (@SuburbanDrone) July 17, 2024
Investors are getting impatient for an AI 'killer app,' or at least more revenue, as profit forecasts fall for AI ETFs. – BofA pic.twitter.com/MFg4s44GE5
— Win Smart, CFA (@WinfieldSmart) July 17, 2024
Trump 2.0 Versus 1.0:
Stocks Are Pricier Now
US stocks didn't look very expensive in 2016. They do now pic.twitter.com/JnTt2qKeNs— Win Smart, CFA (@WinfieldSmart) July 17, 2024
How we lookin? https://t.co/uGDrxxJbKX pic.twitter.com/E8IyYZtFn3
— The Great Martis (@great_martis) July 17, 2024
S&P 500 vs S&P 500 Equal weighted, 2yr rolling returns pic.twitter.com/aGMwJcB34o
— Win Smart, CFA (@WinfieldSmart) July 17, 2024