Odaily Planet Daily reports: Eric Balchunas, Bloomberg ETF analyst, posted on X that although news headlines this year have been dominated by weak AI performance, average individual stocks have continued to strengthen, with 57% of S&P 500 components outperforming the S&P 500 index—the highest level in 10 years—indicating improved performance among non-leading constituents. Additionally, 66% of S&P 500 components are trading above their 50-day moving average, with most sectors outperforming the broader market.
57% of S&P 500 components outperformed the index, the highest in 10 years.
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Summary
Fear and Greed Index readings indicate a shift in market sentiment, as 57% of S&P 500 components have outperformed the index this year—the highest level in a decade. Bloomberg’s Eric Balchunas noted that 66% of stocks are trading above their 50-day moving averages, with most sectors outperforming the broader market. These moving averages underscore strength across key industries, reinforcing a broad-based rally.
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