kingworldnews.com / August 10, 2017
As we near the end of the second week of trading in August, it’s all about stocks, QT, and gold.
Stocks, QT And Gold
August 9 (King World News) – Here is what Peter Boockvar noted as the world awaits the next round of monetary madness: Death, taxes and 3pm stock market rallies. But, investors are becoming more selective and nothing reflects that better than this chart comparing the market cap weighted S&P 500 (in orange) and the Value Line Geometric equal weighted index of 1700 stocks (in white). My friend Helene Meisler yesterday also pointed out that 120 stocks in the NASDAQ made 52 week lows on the close, the most since the week before the US election when there were 225 stocks making 52 week lows.
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