Interesting observation from Bespoke; the rally in the US appears to be broadening.
Here is Bespoke,
``Today's rally certainly isn't narrow in terms of its scope. With another two hours left in the trading day, 132 stocks (26.4%) in the S&P 500 have already hit a new 52-week high, which is the best level of the current bull market."
All signs of sweetspot of the inflationism.
It's simply a rising tide lifting most boats phenomenon.
Here is Bespoke,``Today's rally certainly isn't narrow in terms of its scope. With another two hours left in the trading day, 132 stocks (26.4%) in the S&P 500 have already hit a new 52-week high, which is the best level of the current bull market."
All signs of sweetspot of the inflationism.
It's simply a rising tide lifting most boats phenomenon.
No comments:
Post a Comment