Ongoing Bull Market Shows Signs Of Being Among The Weakest On Record: Expert
Portfolio Pulse from Benzinga Neuro
The ongoing bull market, which started in October 2022 and resulted in an over 30% peak rally in the S&P 500, is considered one of the weakest in history, according to Ned Davis Research. The firm cites high valuations, the Federal Reserve's monetary tightening policies, and a narrow rally led by mega-cap tech stocks as reasons for the market's weakness. The S&P 500's year-to-date returns are flat, excluding the top eight mega-cap tech stocks, including Amazon, Apple, Alphabet, and Nvidia.
October 10, 2023 | 7:18 am
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NEUTRAL IMPACT
Apple is one of the mega-cap tech stocks leading the narrow rally in the ongoing weak bull market.
While Apple is one of the leading stocks in the current market rally, the overall market weakness could limit its potential upside.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
Amazon is one of the mega-cap tech stocks leading the narrow rally in the ongoing weak bull market.
While Amazon is one of the leading stocks in the current market rally, the overall market weakness could limit its potential upside.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
Alphabet is one of the mega-cap tech stocks leading the narrow rally in the ongoing weak bull market.
While Alphabet is one of the leading stocks in the current market rally, the overall market weakness could limit its potential upside.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
Nvidia is one of the mega-cap tech stocks leading the narrow rally in the ongoing weak bull market.
While Nvidia is one of the leading stocks in the current market rally, the overall market weakness could limit its potential upside.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75