Looking outside S&P 500 shows broad U.S. stock strength
Here’s my chart for today. I’ll talk about it shortly after 3:30 p.m. Eastern (12:30 p.m. Pacific) on the Bloomberg Businessweek radio show. Also, I’ll present my Stock of the Day just after 4:15 p.m. (1:15 p.m.) on social media. You can hear me on Bloomberg Radio or see me at Bloomberg Global News on YouTube. Thanks for your interest. It’s appreciated.
Broad-based strength is returning to U.S. stocks, according to Strategas Research Partners LLC. The firm cited the ratio between the S&P Completion Index and the S&P 500 in a Twitter post Friday. Companies in the completion index are part of S&P Global’s most all-inclusive U.S. benchmark, the Total Market Index, and aren’t also components of the S&P 500. The ratio rose 5% through Monday after a three-month slide to this year’s low, set on May 13, according to data compiled by Bloomberg. Both the completion index and the S&P 500 closed at records Thursday and Friday.