World · Urbans Post
Home Market Outlook Today's Market Summary The S&P 500 gained 1.2% for the week, nearing a new all-time high despite a spike in the 10-year Treasury yield. Market leadership is narrowing, with gains concentrated in large-cap growth, especially the Mag 7 and tech sector. Growth stocks outperformed value, while small and micro-caps, REITs, and commodities underperformed.
I remain invested in equities but am gradually building cash to hedge against a potential correction. SlavkoSereda/iStock via Getty Images It was a solid performance by the S&P 500, gaining 1.2% and bringing us to within 0.7% of a new all-time high. What’s even more impressive is that the market accomplished this in the face of a runaway 10-yr 15.1K Followers Analyst’s Disclosure: I/we have a beneficial long position in the shares of NVDA, AVGO, GOOGL either through stock ownership, options, or other derivatives.
I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole.
Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Source: Seeking Alpha
