Is The Stock Market Healthy Or Not?

Is The Stock Market Healthy Or Not?

stethoscope and graph of stock market The growing consensus of many stock market strategists is "yes", after a holiday-shortened week dominated by the so-called "meme stocks". A recent Evercore ISI survey reveals that among respondents, the portion that think that the next big move for the stock market is upwards "has fallen to 51% from 66% in December." Additional data indicated that equity exposure has declined from the April peak and equity fund inflows have declined 33% over the past two months. Many strategists were concerned by the sharp move in stocks like AMC, including Matt Maley, chief market strategist for Miller Tabak + Co, who commented that "the action in AMC shows that today's stock market is not a healthy one." The stock market was hit hard by the selling early Thursday, June 3. At 5:30 AM, the S&P futures were down just 5 points, but by 7:30 were down over 25 points. The S&P 500 had a high of 4234. 12 on Tuesday, June 1, but in the first hour of trading on Thursday, it had a low of 4167. 93, quickly down 2% from Tuesday's highs. The slightly worse jobs report on Friday did not derail the