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BY GERALD CELENTE
As we have been detailing, by the facts and data, there is no relationship between Wall Street and Main Street. A handful of rising stocks do not reflect the performance of the broader equity market and President Donald Trump and his Cabinet Clowns will do all they can to boost the equity markets and bring down oil prices which have dramatically risen since Trump and Israeli Prime Minister Benjamin Netanyahu launched the illegal Iran War on 28 February.
On the market front, yesterday CNBC reported:
Nearly half of the stocks in the S&P 500 are moving against the index with a negative beta, an unusual divergence that is becoming increasingly difficult to ignore.
About 45% of S&P 500 stocks have a negative three-month beta, according to a recent note from Goldman Sachs. The data closely aligns with CNBC’s finding that nearly 40% of S&P 500 stocks had a negative three-month beta versus the index, while 17% have a negative one-year beta, based on weekly returns.
Beta measures how a stock moves relative to the rest of the market. A negative beta means an individual stock’s returns moved in the opposite direction of the S&P 500 over the measured period.
The surge in stocks with a negative beta dovetails with other unusual market signals. The S&P rallied 1.5% last Monday. The same day 30 stocks touched a 52-week low while just 7 scored a new high. The last time the S&P 500 gained at least 1% while sitting within 1% of a new 52-week high and new lows outnumbered new highs was in December 1999, right before the very top of the dot-com boom, according to Jason Goepfert, founder of SentimenTrader.
TREND FORECAST: So, there you have it. By the facts, despite the expansive variances and wide gaps across the stock indexes, the equity markets are being driven up by a small segment of mega-stocks, while a large number of equities are going down.
How long this will continue is just a guessing game because the White Shoe Boy Mobsters and the Bankster Bandits running the equity markets and governments around the world will do all they can to keep their nation’s stock markets running high.
