Real estate and financials lead the rally, Big Tech stocks perform well

  • S&P 500’s correction is over, on track to end the year at 4,600
  • Interest-rate-sensitive sectors drove last week’s market rally
  • Real estate, financials, and consumer discretionary had the biggest gains
  • Bond yields fell, leading to a stock market jump
  • Big Tech stocks have performed well in 2023

The S&P 500’s correction is over, with all 11 sectors gaining ground last week. Interest-rate-sensitive sectors drove the market rally, with real estate, financials, and consumer discretionary sectors having the biggest gains. The plunge in bond yields boosted the valuation multiples of technology stocks and interest-rate-sensitive sectors. The stock market seems to be following the classic seasonal year-end script, setting the stage for a Santa Claus rally. Big Tech stocks, including Nvidia, Meta Platforms, Tesla, and Amazon, have performed well in 2023. Overall, the S&P 500 is on track to end the year at 4,600.

Public Companies: Nvidia Corp. (NVDA), Meta Platforms Inc. (META), Tesla Inc. (TSLA), Amazon.com Inc. (AMZN)
Private Companies:
Key People: Ed Yardeni (President and Chief Investment Strategist)

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Factuality Level: 7
Justification: The article provides information about the performance of the S&P 500 index and the factors driving its recent gains. It cites Yardeni Research as a source for its analysis. However, the article does not provide any counterarguments or alternative perspectives, and it does not provide in-depth analysis or data to support its claims. Therefore, while the information presented may be accurate, the article lacks depth and objectivity.

Noise Level: 4
Justification: The article provides some analysis of the recent performance of the S&P 500 and its sectors, but it lacks depth and context. It mainly focuses on short-term market movements and does not provide a comprehensive analysis of long-term trends or antifragility. The article also lacks scientific rigor and intellectual honesty, as it does not support its claims with evidence or data. Overall, the article contains some noise and filler content.

Financial Relevance: Yes
Financial Markets Impacted: The article discusses the performance of the S&P 500 index and its sectors, including real estate and financials.

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article primarily focuses on the performance of the stock market and does not mention any extreme events or significant disruptions.

Reported publicly: www.marketwatch.com