Tesla closes above $200, stock volatility dips: Trading takeaways

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Jared Blikre News

Market Concentration,Stock Volatility,Record Highs

As the S&P 500 and Nasdaq closed at record highs in Tuesday's session, Jared Blikre breaks down his biggest takeaways from the trading day. Shares of Tesla (...

) closed above $200 as the company's earnings are on deck. Market concentration has topped the 1929 peak. This concentration is especially unique as large caps dominate the current market. Finally, stock volatility has dipped while bond stress has jumped. However, stock volatility has not fully recovered from its pre-pandemic levels.Investors digesting fresh inflation Commentary from Fed Chair Uh, Powell here with more on the trading day takeaways.

And so this purple line is tracking the largest one stock relative to the 75th percentile, Uh, three quarters of the way down. Because when you have just a few stocks, like the mega caps that have been working so well, uh, you tend to forget about the other ones and you forget about the Russell 2000.This all goes back to the beginning of the Russell of in 1979 measures small caps.You can get the relative out performance or underperformance.This is the out performance of those mega caps, the underperformance of small caps.Uh, we saw three P three court, three months of out performance by the big guy.

And then by the time we get to September October, that's gonna be those critical two months before the election.Ballmer Is Richer Than Gates, a First for Microsoft Billionaires

 

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