10 Monday AM Reads
My back-to-work morning train WFH reads: • Broadening the Base: more than 60% of stocks beat the S&P 500 in June and July: A natural outcome of rising market breadth has been the rise in dispersion, which measures how differently stocks are performing relative to each other. S&P 500 dispersion has reached historically high levels,… Read More The post 10 Monday AM Reads appeared first on The Big…
July and June saw over 60% of stocks outperform the S&P 500, signaling increased market dispersion. This surge in dispersion, a measure of how differently stocks perform relative to each other, has reached historically high levels. The S&P 500 Equal Weight Index dispersion has closely tracked its cap-weighted peer, reflecting scrutiny faced by companies across the size spectrum during earnings season.
More than 85% of reporting companies have beaten estimates this year, with equal-weight tech outperforming its cap-weighted counterpart by 19% year to date.
Written by urgent.news from The Big Picture's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
