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Market Internals Tell a Different Tale (2/8/24)

Market Internals Tell a Different Tale (2/8/24)

FromThe Real Investment Show Podcast


Market Internals Tell a Different Tale (2/8/24)

FromThe Real Investment Show Podcast

ratings:
Length:
4 minutes
Released:
Feb 8, 2024
Format:
Podcast episode

Description

(2/8/24) The S&P set another, new all-time high on Wednesday, closing just short of the psychologically-important 5,000-mark (see article link below). Market internals, however, are showing a very different view than headline numbers would infer. The number of stocks above their 50-week moving average is getting lower; the number of stocks above their 200-DMA is turning lower, showing a deterioration in participation within the market even though the index is rising. Thank you, top-ten stocks dragging about 35% of passive inflows along for the ride. The problem is, the rest of the market is selling off, and that's a deviation worth paying attention to. Hosted by RIA Chief Investment Strategist, Lance Roberts, CIO  Produced by Brent Clanton, Executive Producer ------- Articles mentioned in this report: "S&P Index Set To Hit 5000 As Bull Run Continues" https://realinvestmentadvice.com/sp-index-set-to-hit-5000-as-bull-run-continues/ ------- Register for our next Candid Coffee: "Five Money Habits of Unhappy Couples," Saturday, February 24, 2024: https://streamyard.com/watch/TJz2bu2Xn9Hu --------  Get more info & commentary:  https://realinvestmentadvice.com/insights/real-investment-daily/ ------- Watch the video version of this report by subscribing to our new "Before the Bell" YouTube channel:  https://www.youtube.com/watch?v=GbDq654nLvI&list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 ------- Visit our Site: https://www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #SP5000 #NASDAQ #Russell2000 #SmallCap #MidCap #MarketRally #MarketDivergence #Markets #Money #Investing 
Released:
Feb 8, 2024
Format:
Podcast episode

Titles in the series (100)

It's a show about life, markets, sweat-equity, and the pursuit of wealth in a capitalist market.