Investing Update: Is This Peak Bullishness?
What I'm buying, selling & watching
This week and November closes out with the 53rd all-time high of the year for the S&P 500.
Only 4 years have had more all-time highs than 2024.
November finished as the best month of the year so far, up 3.59%.
Market Recap
Weekly Heat Map Of Stocks
Going into December individual stocks are also doing very well. 387 of the 500 S&P stocks are positive YTD. 184 stocks have outperformed the S&P 500 YTD.
YTD there are even 4 sectors that are up over 30%. Would you have guessed that financials have been the best performing sector so far in 2024? They are leading by a big margin.
As the calendar flips to December and the traditional Santa Clause rally approaches, there is another bullish narrative that’s special to this year.
In an election year, no month has a higher likelihood to be positive than December. It’s higher 83.3% of the time in election years going back to 1950.
The reasons for investors to be bullish heading into December aren’t stopping or even slowing down.