Valuable insights on the character of a bull run in stocks can be gained by investigating the companies leading the rally. The table below lists the 10 best performing S&P 500 stocks since the October 3,2011 low. My table shows the market’s biggest winners are among the most speculative—homebuilders, distressed financials, and tech companies. What does that say about the 28% rally in the S&P 500 since the October 3 low? Speculative sentiment is the dominant force in the stock market today. Invest accordingly.
Jeremy Jones, CFA
Latest posts by Jeremy Jones, CFA (see all)
- The Death of Value Investing - January 23, 2018
- Companies Make “The War on Plastic” Part of Their Marketing Plan - January 22, 2018
- How Much Bitcoin Has Been Stolen? - January 19, 2018