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The S&P 500 continues its winning streak for 6 consecutive weeks! Will the streak continue?

$S&P 500 Index (.SPX.US)$ hitting new All-Time High (ATH)!! Strong bullish momentum
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Last week (14 Oct 2024 to 18 Oct 2024), $S&P 500 Index (.SPX.US)$ (+0.85%) $SPDR S&P 500 ETF (SPY.US)$ (+0.86%) outperformed many mega-cap (The Magnificent 6) stocks:
Underperformers
Outperformers
What could this possibly imply? Could there be underlying cause for such performance? Should we as investors continuously buy the outperformers and sell the underperformers?
Most notable highlight of last week were Earnings Reports of $ASML Holding (ASML.US)$ , $Taiwan Semiconductor (TSM.US)$ , $Netflix (NFLX.US)$ - leading to 🦘 hopping behaviour in the stock market.
More information can be found on Moo Earnings Hub <<< (click the link to go to the page)!!!
Disclaimer: Investment involves risks and the potential to lose principal. It is not suitable for everyone, and users will have to make their own individual investments decisions.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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