Weekly S&P500 ChartStorm - 2 June 2024
This week: market performance update, earnings, election-year price-patterns, technical warning signs, transcript talk, semis, EM, VC and SC, Consumer Staples...
Welcome to the latest Weekly S&P500 #ChartStorm!
Learnings and conclusions from this week’s charts:
Markets moved higher in May (S&P500 up +4.8%).
Election-year return stats bode well for the remainder of 2024.
(however) there are an increasing number of technical red flags.
Semiconductors market cap weighting reached a new all-time high.
Consumer Staples are…
Keep reading with a 7-day free trial
Subscribe to The Weekly ChartStorm to keep reading this post and get 7 days of free access to the full post archives.