Jessica Menton

TEXAS A&M WINS ITS FIRST-EVER VOLLEYBALL NATIONAL CHAMPIONSHIP IN SCHOOL HISTORY 🏆

The S&P 500 snapped 138 sessions during which it held above its 50-day moving average — its second-longest stretch this century behind the one ending in February 2007, which ran for 149 sessions, data compiled by Bloomberg show.

WHAT A GAME FROM TEXAS A&M‼️ The largest comeback in an SEC conference game over the last 20 years 👏

My scoop from earlier today: Brian Belski has left BMO Capital Markets Lots of major strategist exits past 2 years - Chris Harvey from Wells Fargo, Jonathan Golub from UBS, Marko Kolanovic from JPM & Goldman's David Kostin will retire later this year bloomberg.com/news/articles/…

@jaykaeppel @sentimentrader Thanks for the h/t!

Hindenburg Omen for the bears. Momentum for the bulls. S&P 500 above 50-day MA for 125 days. @sentimentrader h/t: @JessicaMelton

The S&P 500 Index $SPX has spent 125 sessions above its 50-day moving average, its longest stretch since 2011, data compiled by Bloomberg show. The benchmark has clocked only three longer runs in the past 30 years via @markets bloomberg.com/news/articles/…

Nothing like The 12th Man! #GigEm | 👍

KC CONCEPCION TAKES THE PUNT RETURN BACK FOR THE TD 🔥 The Aggies extend the lead 👀

UNDEFEATED. UNDETERRED. UNFINISHED.

Goldman Sachs Group Inc.’s basket of the most-shorted stocks has surged 16% this month, beating the S&P 500’s 0.7% advance and putting the bank’s tracker on pace for its best October on record, based on data compiled by Bloomberg, going back to 2008 bloomberg.com/news/articles/…

Texas A&M remains the ONLY undefeated team in the SEC and will be a top 3 team in the country tomorrow!

AGGIES WIN

Almost all stock-market troughs in the past have occurred in periods of backwardation — when the VIX curve is higher near-term. But that usually happens when $SPX has suffered a steeper correction beyond 5% from a record. The good news for bulls is it’s a mild inversion for now.

For some, the spike in near-term derivatives pricing is a signal froth had been blown out of the market, and there is no ominous warning emanating from the options market. To others, the inverted VIX curve is a precursor of more pain for stocks. bloomberg.com/news/articles/…

An equal-weight version of the S&P 500 has trailed the version that is weighted by market value by 21 percentage points since October 2022 — the widest underperformance from the start of a bull market since at least the 1990s, data compiled by Bloomberg show.

Of the 13 prior bull markets since World War II, 7 completed a 4th year, with an average gain of 88%. This one has essentially done that in three years, putting $SPX’s trailing price-to-earnings ratio at 25 — the highest ever for a bull market in its 3rd year, via @StovallCFRA

The S&P 500 began its current bull run on Oct. 12, 2022, soaring 83% in that time and adding about $28 trillion in market value. The benchmark’s 13% jump the past 12 months is twice the average rise in the third year of a bull market, per @StovallCFRA bloomberg.com/news/articles/…

The S&P 500 $SPX has advanced 35% since its April 8 trough, when global trade war fears sent US stocks on the cusp of a bear market. A six-month advance of this magnitude was seen in just five other instances since 1950, data compiled by Bloomberg show. bloomberg.com/news/articles/…

Goldman Sachs basket of most-shorted stocks has surged 14% this month, beating $SPX’s 3% gain putting the bank’s tracker on pace for its best September since 2010. The 14-day RSI for Goldman’s most-shorted basket is the most overbought since height of meme mania in early 2021.

The S&P 500 $SPX has gone 107 sessions without a drop of at least 2% — its longest stretch since July 2024, according to data compiled by Bloomberg via @markets bloomberg.com/news/articles/…