S&P is just 1% away from ATH— but are your US stocks still in the red?
According to Barchart @Barchart statistics, in September, 75% of the stocks in the S&P 500 were down.
Fidelity’s Timmer also noted that fewer than half of the stocks are trading above their 200-day moving average. Only 27% of individual stocks are above their 50-day moving average—meaning the index is basically held up by the “seven sisters” and AI stocks.
Got it. Time to use the dragon-head strategy—go all in on AI!
According to Barchart @Barchart statistics, in September, 75% of the stocks in the S&P 500 were down.
Fidelity’s Timmer also noted that fewer than half of the stocks are trading above their 200-day moving average. Only 27% of individual stocks are above their 50-day moving average—meaning the index is basically held up by the “seven sisters” and AI stocks.
Got it. Time to use the dragon-head strategy—go all in on AI!
