The market continues to broaden out as investors ignore tariff and inflation threats
It’s another day with more stocks up than down.
It’s another day with more stocks up than down.
The ratio Friday is almost 3:1, advancing stocks to declining ones on the New York Stock Exchange. It’s 2:1 on Nasdaq.
You’d think with two huge overhangs to the market — Federal Reserve policy uncertainty and tariffs — stocks would be in difficult shape, but that’s not happening.
Tech is lagging. You’d think that with the S&P 500 up 4% on the year, tech would again be the leader, but most of the best performing technology stocks last year are underperforming, with only Meta a strong standout.
Instead, the market is continuing to broaden out, though not in a huge way. (That’s good.) The worst performers of last year — materials, health care, energy, real estate, consumer staples — are among the market leaders this year.
Rating: 5