No Thanksgiving hangover for US shares as S&P 500 extends acquire to 30 factors

The S&P 500 has prolonged at this time’s acquire to 30 factors, or zero.5%. The Nasdaq Composite is outperforming, up zero.75%.

Right here is one thing the bulls will likely be blissful to see. The AAII member survey is right down to 37% bullish, which actually is not a purple flag round sentiment, particularly going into the most-bullish month of the 12 months.

What’s tough about that is that numerous sentiment survey are in all places.

When it comes to inventory sectors, chipmakers are main the way in which at this time on a report that the US restrictions on chip exports to China will not be as strict as feared.

This text was written by Adam Button at www.ubaidahsan.com.



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