Weekly S&P500 ChartStorm - 19 May 2024
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Weekly S&P500 ChartStorm - 19 May 2024
This week: all-time highs, sentiment shifts, cyclical bulls, echoes of 2021, earnings yearnings, global vs US, race to retire, rotation and catch-up...
Welcome to the latest Weekly S&P500 #ChartStorm!
Learnings and conclusions from this week’s charts:
Stocks and sentiment are making new all-time highs.
Institutional investors are getting bulled-up.
There are multiple echoes of the 2021 hyper-bull.
Lackluster earnings for ex-tech highlight rotation potential.
A similar split in global vs US earnings highlight…
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