You’re free to point out all the reasons, conditions, qualifications, if’s and or but’s you’d like, but today the S&P 500 Total Return Index is printing a new all-time high.
Take a picture, it may not last long. Previous new highs in this index over the last two years have been preludes to corrections.
Or this is the one. The breakout that keeps going.
In favor of this being the one – internals look fabulous, with confirmation coming from both advance-decline and the upturn in the NYSE hi-lo index. Not in favor? Plunging rates, an incoherent Fed, European ridiculousness – you know, more of the same.
But today it’s happening in the TR index. Save your asterisks.
[…] The S&P 500 total return index is at a new all-time high. (thereformedbroker) […]
[…] It’s time to take a bullish stance on stocks, argues Jonathan Krinsky at MKM Partners, citing the S&P scoring its first 52-week high in over a year. The S&P 500 Total Return Index SPXT, +1.53% already stands at an all-time peak, notes Josh Brown at The Reformed Broker. […]
[…] It’s time to take a bullish stance on stocks, argues Jonathan Krinsky at MKM Partners, citing the S&P scoring its first 52-week high in over a year. The S&P 500 Total Return Index SPXT, +1.53% already stands at an all-time peak, notes Josh Brown at The Reformed Broker. […]
[…] ‘New All-Time High For S&P 500 Total Return Index’ – Josh Brown – The Re… […]
[…] already stands at an all-time peak, notes Josh Brown at The Reformed Broker. […]
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