Jessica Menton
speaker
431 appearances
12 recordings
1 series
first heard Nov 2018
last heard Apr 2019
Jessica Menton’s voice in public audio — every appearance, attributed to the second.
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Appearances
And we've seen the rallies really sustain this year.
And I think that's a healthy signal.
They do, and the reason is because they're not the only ones that are leading the market right now.
They are doing well, but what's really leading it is industrials, energy, technology and consumer discretionary.
And then financials are a little bit further in that sort of same realm there.
And because it's more broad based, that's a more healthy indication of the market.
If you look towards last year and in 2020.
17 ahead of the fourth quarter.
Of course, tech was the darling.
But if you have only a certain amount of stocks that are really leading a rally, that's not healthy.
But when you have it broad based like this, that's a more indication that, you know, more stocks are hitting new highs than those that aren't.
Now, that's exactly kind of what I was just hinted at as far as more stocks hitting new highs than those that aren't.
And that really is an indication of that.
Investors saw a lot of different buying opportunities after last quarter because things were of course tech was really beaten up but so were a lot of other cyclical sectors when you look at industrials and energy and technology also and the fact that they're not just going into one place but they're seeing buying opportunities all over the place.
That's why you're continuing to see these stocks hit new highs.
When I've talked to investors, they've really been honing in on that data, as well as when you're looking at certain moving averages.
If you look at the S&P 500, since their lows to now, it's about 90% of stocks are hitting new highs.
That's another strong bullish signal that investors are looking at.
We saw that in the prior quarter.
And a lot of investors at that point, even towards the end of December, kept mentioning, you know, this could quickly turn depending on what happened with trade and what happened with the Fed.
Showing 101–120 of 431 · page 6 of 22
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