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The S&P 500 keeps hitting new highs, but the Russell 2000 small cap index hasn’t been so fortunate. RUT has gone almost four months without a new record level. In contrast, the Dow Jones Industrial Average and Transports haven’t hit a new high in over two months....
Amazon Prime Day set records again this month, and more companies than just Amazon.com could benefit. Sales were estimated at $11 billion, up from $10.4 billion last year. Excitement around the event lifted AMZN back above $3,500 for the first time since April. It...
Value stocks and reopening plays have been the main themes in 2021, but now the bulls seem to be returning to Big Tech and the Nasdaq-100. The yellow histogram on this chart compares the 21-day return of NDX against the S&P 500. (It uses our Smart Relative...
Cryptocurrencies fell last month as investors dumped Bitcoin. But now attention could be shifting to Ethereum as a greener alternative. The No. 2 digital asset by market capitalization has already regained the levels where it began May. It's also emphasizing a key...
QQQ vs IWM? In some ways, it’s the big debate of 2021. Will traders stick with megacap growth stocks, or ride fast-moving small caps as the economy reopens? Or will they simply rotate between the two, guided by events and price action? Right now could be a time when a...
Big-cap technology stocks like Apple are lagging again, even as investors start buying smaller companies on the Nasdaq. The chart below compares the Invesco Nasdaq Next Gen ETF (QQQJ) with the Invesco QQQ (QQQ). It shows percentage change, with hourly bars, since the...
Nasdaq stocks bounced last week as investors shifted away from reopening plays like energy. The Nasdaq-100 rose 0.1 percent between Friday, May 14, and Friday, May 21 -- the only major index to rise last week. It was the first time that the Nasdaq-100 gained while the...
From falling cases to fewer social restrictions, there's all kinds of good news about coronavirus this month. While the pandemic has been easing since winter, several positive trends now appear to be accelerating. It could be especially important as summer begins...
For months, Jerome Powell told investors not to worry about inflation. Today they started doubting his advice. The Bureau of Labor Statistics reported this morning that consumer prices rose 4 times faster than expected in April. Much of the surge came from commodities...
Stocks just accomplished something very bullish, despite having their worst day in almost two months. At least 220 members of the S&P 500 hit new 52-week highs, according to TradeStation data. That's the biggest number since the data series began in least 2007....