Most Surprising Trends in the S&P 500 This Week

📶Decoding the S&P500: Alpha Hedge Portfolio Performance Review

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S&P 500 TRACKER

Most Surprising Trends in the S&P 500 This Week

1. The S&P 500 closed at a record high for the 37th time in 2024 on Monday, topping the 5,600 level for the first time. This marks an unprecedented number of new highs in a single year, far exceeding historical averages.

S&P 500 Market Cycle Cycle Chart - 07/10/2024 Update

2. The Dow Jones Industrial Average is lagging behind the S&P 500 about 13%. This level of underperformance compared to the S&P 500 is highly unusual, as the Dow often underperforms during bull markets but not to this extent.

This graph compares the YTD performance of the S&P 500 and Dow Jones Indexes (S&P 500 index white line/ Dow Jones Industrial Orange Line)

3. The S&P 500 has booked a 15% return in the first half of 2024, which is among the top-7 best starts to a year in the last 35 years. Historically, strong first-half performances have not typically indicated that the market has "burned all its gas" - in the 11 years where the S&P 500 was up 10% or more at the end of June, the average full-year return went on to be 29%. Stocks historically perform better when the Fed pauses than when the cuts start.

Source: Bloomberg, as of November 16, 2023. Note: Total return analysis produced by iShares Investment Strategy

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Alpha Hedge Portfolio Performance Review

The Alpha Hedge Portfolio demonstrated a strong monthly performance with a 5.7% increase, contributing to an impressive year-to-date gain of 27.2%.

Over a 34-month period, the portfolio achieved a substantial 49.9% return, significantly outperforming the S&P 500, which recorded a 26.0% increase during the same timeframe.

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About Zurique Capital Research

Zurique Capital Research is a global provider of independent investment research, solutions and tools. Founded in 2018, Zurique Capital helps clients around the world make systematic investment decisions. Our experienced strategists and analysts use Market Cycles strategies with trend following overlay, the Alpha Hedge Algorithm, charts, proprietary indicators and weight-of-the-evidence methodology to help clients see the signals and invest with confidence. Zurique Capital is headquartered in Orlando, Florida, with offices in New York and Recife, Brazil.

Understanding the Collective2 Alpha Hedge Portfolio

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