For the first time in four years, the average stock is beating the stock market.
The S&P 500 closed at a record high as weak payrolls cut September hike odds, lower oil eased inflation fears and earnings stayed strong.
The broad market benchmark soared to records this week, benefiting from options activity and a calmer VIX.
The S&P 500 capped off its best week since April with a record close, ultimately finishing with a gain of 3.6%. This marks the second straight weekly advance.
While the S&P 500 is up 22% in the past year, valuations have actually come down,
Bullish derivative bets mesh with the buy-the-dip mentality, says IBKR's Sosnick
Despite concerns about artificial intelligence (AI) capex, valuation fears, and a US-Iran conflict that refuses to subside, the S&P 500 index has soared higher over the trailing three months. Still, Fundstrat's head of research, Tom Lee, believes US stocks are not out of juice just yet.
The S&P 500 has enjoyed an epic rally over the past five days — but the advance may be more mechanical and driven by options positioning, rather than by an improvement in investors' fundamental outlook.
Insulet lowers its full-year revenue growth outlook, even after earnings and revenue handily beat expectations.
The famed investor says watch out after that S&P 500 surge on Tuesday. He's not budging from some bearish tech views.
US stocks have started August at record levels, but the benchmark S&P 500 index faces a “critical” technical test before investors can declare a sustainable breakout. The stock market has regained optimism as companies like Microsoft and Amazon.com Inc. have confirmed that aggressive artificial intelligence (AI) spending is translating into tangible financial returns.
Stocks are expensive and cheap at the same time. That's the strange spot the S&P 500 finds itself in: It's sitting at a fresh all-time high on Tuesday, yet the valuation metrics that usually flash a warning sign are instead flashing green.