By Charlie Bilello
What a difference 9 years makes.
On March 9, 2009, the market capitalization of Apple, Google (now Alphabet), Amazon, and Microsoft stood at $74 billion, $92 billion, $26 billion, and $135 billion. Their combined market cap: $327 billion.
Data Source for all charts/tables herein: YCharts.
9 years later these four companies would grow to become the largest in the world, with a combined market capitalization of over $3.2 trillion.
Continue reading How to Think About Unsustainable Returns
By Rob Hanna
The employment report has helped to spark a big rally today, and the NASDAQ is hitting new all-time highs. I looked back at other instances where the NASDAQ spiked higher and closed at a new high on the day of an employment report. The results I saw were compelling. Here are the list of instances along with their 5-day returns:
With the only loser closing down 0.06%, the stats are completely lopsided for the bulls. Employment-sparked momentum leading to new highs like we are seeing today has seen positive short-term follow through in the past. This certainly appears worth keeping in mind as traders ready for next week.
Hat-tip to @McClellanOsc for the idea to test!
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