Today's number is... 387

As we approach the final month of 2024, we have seen an impressive number of stocks perform well, with 387 stocks showing positive returns year-to-date so far.

Here’s the chart:

Today's number is... 22.8%

Yesterday, the S&P 500 reached another all-time high. 

So far in 2024, the index has spent 22.8% of its trading days at record highs.

This is the kind of data we expect to see in a bull market!

Here’s the chart:

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Today's number is... six

With only a few days left in November, let’s dive into some S&P 500 December seasonality. 

When looking back over the last six elections, December has shown a positive return. Will this trend continue in 2024?

Here’s the chart:

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Today's number is... 0.8

The bears have fumbled the ball once again.

The most recent flare-up of new lows we experienced from the other week has already disappeared, and it appears that they are retreating into hibernation once again, as only 0.8% of S&P 500 stocks are at 1-month lows.

Here’s the chart:

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Today's number is... 11

All 11 S&P 500 sectors are back in an uptrend.

I define an uptrend as when the 50-day moving average is above the 200-day moving average. 

It's a simple and straightforward approach.

Here’s the chart:

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Let's break down what the chart shows:

Today's number is... 17

The BofA US High Yield Option-Adjusted Spread is at a 17-year low, a level not seen since before the GFC market crash.

Here’s the chart:

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Today's number is... 21

Our US dollar Advance-Decline line just closed at 21-year highs.

Here’s the chart:

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Let's break down what it shows:

Today's number is... 16

On Friday, we saw the S&P 500 closed down 1.3%. This marks the 16th time this year that the index has declined by 1% or more in a single day.

Here's the data:

(right-click and open image in new tab to zoom in)

Let's break down what it shows: