What Strong Earnings and Other Growth Tailwinds Mean for the Market
StockNews
Published Nov 09, 2021 11:46AM ET
Updated Nov 09, 2021 12:31PM ET
What Strong Earnings and Other Growth Tailwinds Mean for the Market
This is now the 4th week of the market’s meltup. For us, the outcome is not surprising, and we are enjoying the results. Since inception, the S&P 500 (SPY) is up about 14%, while our portfolio is up 26.5%. In today’s commentary, I want to talk about why the market is so strong and been so favorable for growth investing and small and mid-cap stocks, then lay out some more thoughts on the market’s roadmap into year-end. Read on below to find out more….(Please enjoy this updated version of my weekly commentary published November 8th, 2021 from the POWR Growth newsletter).
First, let’s take a look at the past week:
As we can see, the S&P 500 had a nice and tidy 100 point gain over the past week. And once again, the Russell 2000 staged an even more impressive performance with a 3.6% gain.
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