S&P 500 picks up $5T in MCap less than a month after hitting lows in Aug'24
The S&P 500 has now added $5 TRILLION of market cap since its low on August 5th. That's +10.5% in just 20 trading days, or $250 billion PER TRADING DAY. The S&P 500 has added its average ANNUAL return in 20 trading days. Here's how we bought the bottom on August 5th: (1/9)
The S&P 500 increased by $5 trillion in market cap, rising 10.5% in just 20 trading days since its low on August 5th, matching its typical annual return.
Focuses on identifying polarized market sentiment and using technical indicators like significant drops in the RSI, The Kobeissi Letter’s trading strategy picked this up.