SPX Eyes Bullish Week as XLE Lags
1.Since April, the S&P 500 $S&P 500(.SPX)$ has only had 2 consecutive red weeks once, and that was in June. Good week coming? 🤔📈
A financial chart displaying the S&P 500 index with weekly candlestick bars in green and red indicating price movements from May to October. The y-axis shows price levels from 4000 to 6000. The x-axis lists months and dates. Blue circles highlight specific points of interest in the price action.
2.Energy Stocks $Energy Select Sector SPDR Fund(XLE)$ have been getting annihilated by the S&P 500 over the last 3 years 🚨🚨
A candlestick chart displays the S&P 500 Energy Sector SPDR ETF price movements in green and red bars over time from October 2021 to October 2024 on a weekly basis with volume bars below.
A purple downward trend line connects higher points indicating decline. A blue circle highlights a recent low point around September 2024. The S&P 500 index line in purple shows relative outperformance. Y-axis ranges from 50 to 100 dollars with price labels. X-axis marks months and years.
3.76% of Evercore's clients expect the stock market's next 10% move to be green, a record high level of bullishness 🚨📈🤑🥳🫂
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