S&P 500 Daily Price Recap
2850 was the closing price of the day for S&P 500, resulting in today being one in which price moved up 3.2% ($88.37) from yesterday. S&P 500 outperformed all 8 assets in the 8 major global equity indices asset class since yesterday. Congrats to its holders! Below is a daily price chart of S&P 500.
S&P 500 Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 5 out of the past 10 days.
Overheard on Twitter
Over on Twitter, here were the top tweets about S&P 500:
- From bostonchaahhts:
almost 30% off the lows for the S&P 500 but still down ~17% from the Feb highs. kind of in now man’s land here $SPX
- From MrMBrown:
Stocks end the day at session highs as investors focus on glimmers of coronavirus optimism & digest Fed stimulus.At the close:- S&P 500 up 3.05%
– Dow up 2.40%
– Nasdaq up 3.95%$SPX $DJIA $COMP
- From MarketGoldberg:
The S&P 500 is now trading above a 20x multiple of FY20 estimated earnings…Heading into an unavoidable recession…$SPY $SPX #markets #herd #animalspirits
For a longer news piece related to SPX that’s been generating discussion, check out:
Image: Goldman Sachs Global Investment Research S&P 500 and Big Reversal Years Could the S&P 500 end the year positive?…Image: Goldman Sachs Global Investment Research CTA’s Net Position in S&P 500 Futures vs.