Mid-Caps Stocks Leading in the US Market Rally
$DIA, $SPY, $QQQ, $VXX
Stocks have risen sharply to record highs since Republican Donald Trump was elected president in November, and the best-performing equities have “floated up from the bottom of the barrel” according to some analysts and fund managers.
Analysts not that over the past 3 months, investors in developed market stock have been bidding up lower-quality stocks. Stocks with the lowest sales growth have returned 7%, while stocks with the highest sales growth have returned -0.9%.
The S&P 500 rose about 6% to a record after Donald Trump won the election on a platform of lower taxes, less regulation, better-quality jobs and greater spending on roads, bridges and airports.
Consumer sentiment and small-business optimism have soared on the on Donald Trump’s promise of improved growth.
Also, some higher-quality companies are getting bid up.
The list of large-cap companies that are most owned by fund managers includes Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AApL), Alphabet (NASDAQ:GOOGL), and JPMorgan Chase (NYSE:JPM).
Tuesday, the major US Stock market indexes finished at: DJIA -31.85 at 19855.66, NAS Comp +20.00 at 5551.81, S&P 500 Unch
Volume: Trade was heavy, with 1.17-B/shares exchanged on the NYSE.
- Russell 2000 +1.0% YTD
- DJIA +0.5% YTD
- S&P 500 +1.3% YTD
- NAS Comp +3.1% YTD
|HeffX-LTN Analysis for DIA:||Overall||Short||Intermediate||Long|
|Bullish (0.29)||Neutral (0.00)||Bullish (0.29)||Very Bullish (0.58)|
|HeffX-LTN Analysis for SPY:||Overall||Short||Intermediate||Long|
|Bullish (0.30)||Neutral (0.21)||Bullish (0.25)||Bullish (0.43)|
|HeffX-LTN Analysis for QQQ:||Overall||Short||Intermediate||Long|
|Very Bullish (0.53)||Bullish (0.48)||Very Bullish (0.59)||Very Bullish (0.53)|
|HeffX-LTN Analysis for VXX:||Overall||Short||Intermediate||Long|
|Very Bearish (-0.51)||Bearish (-0.38)||Very Bearish (-0.77)||Bearish (-0.36)|