The Blue-Chip S&P 500 index shook off recession fears and a U.S. regional banking crisis to gain 15.9% in the first half. The Nasdaq Composite for its part gained 31.7% for its biggest first-half increase in four decades. Much of the rise was from climbing the wall of worry as shorting became costly with the Cboe Volatility Index hit its lowest level since early 2020. Interesting with all the headlines that the huge advance in the stock markets is being … Continue reading “S&P 500 Mid-Year Review and Outlook for the Year Ahead (Includes AAPL NVDA XOM)”
S&P 500 Worst Year Since 2008 as Mega Cap Tech Stocks were Shredded
The Blue-Chip S&P 500 index had a dismal year, down 19.4% in 2022, it was the worst performance since 2008. The benchmark index saw one new high in 2022, January 3 with the now infamous January 5 FOMC minutes from the Federal Reserve putting paid to anymore for the year. By comparison the S&P 500 clocked 70 fresh record highs in 2021. Trailing only 1995 with 77 closing highs. Last year energy companies Devon and Marathon were the top two … Continue reading “S&P 500 Worst Year Since 2008 as Mega Cap Tech Stocks were Shredded”