Is the S&P 500's record run near an end? Watch these 3 big-tech charts for clues
After back-to-back-to-back record closes for the Dow DJIA, +0.04% and S&P 500 SPX, +0.30%, investors might be asking what’s next?
“The traditional market leaders during a normal, healthy bull market — semiconductors, technology and small cap — have for the most part been inconsistent leaders in 2021. And the only two that have actually led at times — semis and tech — have been passing that mantel back and forth like they don’t want it,” Kosar told clients in a post.
In summary, his first two charts are bullish, showing an advance for big tech is intact, but Chart 3 warns of downside to come. Disney DIS, +0.67% reported its strongest sales and profit since before the pandemic late Thursday, as theme park business boomed and 116 million new subscribers were added to its streaming service. Shares are up.
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