Stock Market Nears The Moment Of Truth
Chris Kimble | Jul 31, 2019 06:24PM ET
So who is telling the truth? Will this divergence lead to a stock-market correction? Or will the lagging 3 indexes play catch up? Stay tuned!
As investors review the market's performance, they are feeling pretty good.
That’s mostly due to the performance of the “big 3” stock-market indexes: the S&P 500, Dow Jones Industrials and the Nasdaq.
As you can see in the upper half of the chart, all three are at all-time highs (1).
But that’s only half of the story. In the lower half, we have the Russell 2000, Dow Transports and MDY indexes and they are not at all-time highs. In fact, they are in downtrends
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