In this brief market report, we look at the various asset classes, sectors, equity categories, exchange-traded funds (ETFs), and stocks that moved the market higher and the market segments that defied the trend by moving lower.<\/p>\n
Identifying the pockets of strength and weakness allows us to see the direction of significant money flows and their origin.<\/p>\n<\/div>\n
The market sets a new record high<\/h4>\n<\/p>\n\nThe S&P 500 notched its 39th record high on Thursday, reaching 5713. In a typical year, the market makes 14 new highs over the full year. Here’s a look at the last 4 weeks.<\/p>\n<\/div>\n
![\"S&P](\"https:\/\/www.zeninvestor.org\/1-minute-market-report-september-22-2024\/aspect-ratio: "\\"S&P")
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
A look at monthly returns.<\/h4>\n<\/p>\n\nThis chart shows the monthly returns for the past year. September got off to a shaky start but it is now in the green. Bear in mind that pullbacks of 5% or so are common during bull markets.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
A look at the August-September selloff.<\/h4>\n<\/p>\n\nHere is a closer look at the recent pullback, using a drawdown chart. The current drawdown is 0.2% from the peak on Thursday.<\/p>\n<\/div>\n
<\/a><\/span><\/div>\nA look at the bull run since it began last October.<\/h4>\n<\/p>\n\nThis chart highlights the 59.4% gain in the S&P 500 from the October 2022 low through Friday’s close. We have moved above the trendline and it looks like we may have further to run before this rally is over.\u00a0<\/p>\n<\/div>\n
<\/a><\/span><\/div>\nMajor asset class performance.<\/h4>\n<\/p>\n\nHere is a look at the performance of the major asset classes, sorted by last week’s returns. I also included the returns since the October 12, 2022 low for additional context.<\/p>\n
The best performer last week was the Asia 50 index. Taiwan Semiconductor makes up 25% of the index, and TSM is struggling to keep up with surging demand. The worst performer was Volatility, as the VIX index first spiked, then fell from its high.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
Equity sector performance<\/h4>\n<\/p>\n\nFor this report I use the expanded sectors as published by Zacks<\/a>. They use 16 sectors rather than the standard 11. This gives us added granularity as we survey the winners and losers.<\/p>\nEnergy, especially energy services, had a good week. Autos also did well.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
Equity group performance<\/h4>\n<\/p>\n\nFor the groups, I separate the stocks in the S&P 1500 Composite Index by shared characteristics like growth, value, size, cyclical, defensive, and domestic vs. foreign.<\/p>\n
The best performing group last week was Small Cap Growth. The Mag 7 stocks came in 2nd place, tied with Mid Cap Growth.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The S&P Top 7<\/h4>\n<\/p>\n\nHere is a look at the seven mega-cap stocks that have been leading the market over the past year. These seven stocks account for 52% of the total YTD gain in the S&P 500. That’s down from 87% at the start of the year, providing evidence that participation in the bull market is broadening. META was the big winner, while NVDA continues to be a source of funds for investors.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The S&P Top 7 dominance is fading<\/h4>\n<\/p>\n<\/a><\/span><\/div>\nThe 10 best performing ETFs from last week<\/h4>\n<\/p>\n\nOil & Gas Equipment and Services led the way higher in ETF land. \u00a0<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The 10 worst performing ETFs from last week<\/h4>\n<\/p>\n\nCannabis stocks continue to suffer. Some of these companies are paying up to 70% in taxes. It’s hard to grow with a headwind like that.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The 10 best performing stocks from last week<\/h4>\n<\/p>\n\nHere are the 10 best performing stocks in the S&P 1500 last week. <\/p>\n
Constellation Energy (CEG) soared after inking a deal with Microsoft to reopen a shuttered nuclear plant in Pennsylvania. The plan is to use nuclear power to run Microsoft’s AI data centers.<\/p>\n<\/div>\n
The S&P 500 notched its 39th record high on Thursday, reaching 5713. In a typical year, the market makes 14 new highs over the full year. Here’s a look at the last 4 weeks.<\/p>\n<\/div>\n
![\"S&P](\"https:\/\/www.zeninvestor.org\/wp-content\/uploads\/2024\/09\/SP-500-last-4-weeks-9-20.png\" "\\"S&P")
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
A look at monthly returns.<\/h4>\n<\/p>\n\nThis chart shows the monthly returns for the past year. September got off to a shaky start but it is now in the green. Bear in mind that pullbacks of 5% or so are common during bull markets.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
A look at the August-September selloff.<\/h4>\n<\/p>\n\nHere is a closer look at the recent pullback, using a drawdown chart. The current drawdown is 0.2% from the peak on Thursday.<\/p>\n<\/div>\n
<\/a><\/span><\/div>\nA look at the bull run since it began last October.<\/h4>\n<\/p>\n\nThis chart highlights the 59.4% gain in the S&P 500 from the October 2022 low through Friday’s close. We have moved above the trendline and it looks like we may have further to run before this rally is over.\u00a0<\/p>\n<\/div>\n
<\/a><\/span><\/div>\nMajor asset class performance.<\/h4>\n<\/p>\n\nHere is a look at the performance of the major asset classes, sorted by last week’s returns. I also included the returns since the October 12, 2022 low for additional context.<\/p>\n
The best performer last week was the Asia 50 index. Taiwan Semiconductor makes up 25% of the index, and TSM is struggling to keep up with surging demand. The worst performer was Volatility, as the VIX index first spiked, then fell from its high.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
Equity sector performance<\/h4>\n<\/p>\n\nFor this report I use the expanded sectors as published by Zacks<\/a>. They use 16 sectors rather than the standard 11. This gives us added granularity as we survey the winners and losers.<\/p>\nEnergy, especially energy services, had a good week. Autos also did well.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
Equity group performance<\/h4>\n<\/p>\n\nFor the groups, I separate the stocks in the S&P 1500 Composite Index by shared characteristics like growth, value, size, cyclical, defensive, and domestic vs. foreign.<\/p>\n
The best performing group last week was Small Cap Growth. The Mag 7 stocks came in 2nd place, tied with Mid Cap Growth.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The S&P Top 7<\/h4>\n<\/p>\n\nHere is a look at the seven mega-cap stocks that have been leading the market over the past year. These seven stocks account for 52% of the total YTD gain in the S&P 500. That’s down from 87% at the start of the year, providing evidence that participation in the bull market is broadening. META was the big winner, while NVDA continues to be a source of funds for investors.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The S&P Top 7 dominance is fading<\/h4>\n<\/p>\n<\/a><\/span><\/div>\nThe 10 best performing ETFs from last week<\/h4>\n<\/p>\n\nOil & Gas Equipment and Services led the way higher in ETF land. \u00a0<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The 10 worst performing ETFs from last week<\/h4>\n<\/p>\n\nCannabis stocks continue to suffer. Some of these companies are paying up to 70% in taxes. It’s hard to grow with a headwind like that.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The 10 best performing stocks from last week<\/h4>\n<\/p>\n\nHere are the 10 best performing stocks in the S&P 1500 last week. <\/p>\n
Constellation Energy (CEG) soared after inking a deal with Microsoft to reopen a shuttered nuclear plant in Pennsylvania. The plan is to use nuclear power to run Microsoft’s AI data centers.<\/p>\n<\/div>\n
This chart shows the monthly returns for the past year. September got off to a shaky start but it is now in the green. Bear in mind that pullbacks of 5% or so are common during bull markets.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
A look at the August-September selloff.<\/h4>\n<\/p>\n\nHere is a closer look at the recent pullback, using a drawdown chart. The current drawdown is 0.2% from the peak on Thursday.<\/p>\n<\/div>\n
<\/a><\/span><\/div>\nA look at the bull run since it began last October.<\/h4>\n<\/p>\n\nThis chart highlights the 59.4% gain in the S&P 500 from the October 2022 low through Friday’s close. We have moved above the trendline and it looks like we may have further to run before this rally is over.\u00a0<\/p>\n<\/div>\n
<\/a><\/span><\/div>\nMajor asset class performance.<\/h4>\n<\/p>\n\nHere is a look at the performance of the major asset classes, sorted by last week’s returns. I also included the returns since the October 12, 2022 low for additional context.<\/p>\n
The best performer last week was the Asia 50 index. Taiwan Semiconductor makes up 25% of the index, and TSM is struggling to keep up with surging demand. The worst performer was Volatility, as the VIX index first spiked, then fell from its high.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
Equity sector performance<\/h4>\n<\/p>\n\nFor this report I use the expanded sectors as published by Zacks<\/a>. They use 16 sectors rather than the standard 11. This gives us added granularity as we survey the winners and losers.<\/p>\nEnergy, especially energy services, had a good week. Autos also did well.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
Equity group performance<\/h4>\n<\/p>\n\nFor the groups, I separate the stocks in the S&P 1500 Composite Index by shared characteristics like growth, value, size, cyclical, defensive, and domestic vs. foreign.<\/p>\n
The best performing group last week was Small Cap Growth. The Mag 7 stocks came in 2nd place, tied with Mid Cap Growth.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The S&P Top 7<\/h4>\n<\/p>\n\nHere is a look at the seven mega-cap stocks that have been leading the market over the past year. These seven stocks account for 52% of the total YTD gain in the S&P 500. That’s down from 87% at the start of the year, providing evidence that participation in the bull market is broadening. META was the big winner, while NVDA continues to be a source of funds for investors.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The S&P Top 7 dominance is fading<\/h4>\n<\/p>\n<\/a><\/span><\/div>\nThe 10 best performing ETFs from last week<\/h4>\n<\/p>\n\nOil & Gas Equipment and Services led the way higher in ETF land. \u00a0<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The 10 worst performing ETFs from last week<\/h4>\n<\/p>\n\nCannabis stocks continue to suffer. Some of these companies are paying up to 70% in taxes. It’s hard to grow with a headwind like that.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The 10 best performing stocks from last week<\/h4>\n<\/p>\n\nHere are the 10 best performing stocks in the S&P 1500 last week. <\/p>\n
Constellation Energy (CEG) soared after inking a deal with Microsoft to reopen a shuttered nuclear plant in Pennsylvania. The plan is to use nuclear power to run Microsoft’s AI data centers.<\/p>\n<\/div>\n
Here is a closer look at the recent pullback, using a drawdown chart. The current drawdown is 0.2% from the peak on Thursday.<\/p>\n<\/div>\n
<\/a><\/span><\/div>\nA look at the bull run since it began last October.<\/h4>\n<\/p>\n\nThis chart highlights the 59.4% gain in the S&P 500 from the October 2022 low through Friday’s close. We have moved above the trendline and it looks like we may have further to run before this rally is over.\u00a0<\/p>\n<\/div>\n
<\/a><\/span><\/div>\nMajor asset class performance.<\/h4>\n<\/p>\n\nHere is a look at the performance of the major asset classes, sorted by last week’s returns. I also included the returns since the October 12, 2022 low for additional context.<\/p>\n
The best performer last week was the Asia 50 index. Taiwan Semiconductor makes up 25% of the index, and TSM is struggling to keep up with surging demand. The worst performer was Volatility, as the VIX index first spiked, then fell from its high.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
Equity sector performance<\/h4>\n<\/p>\n\nFor this report I use the expanded sectors as published by Zacks<\/a>. They use 16 sectors rather than the standard 11. This gives us added granularity as we survey the winners and losers.<\/p>\nEnergy, especially energy services, had a good week. Autos also did well.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
Equity group performance<\/h4>\n<\/p>\n\nFor the groups, I separate the stocks in the S&P 1500 Composite Index by shared characteristics like growth, value, size, cyclical, defensive, and domestic vs. foreign.<\/p>\n
The best performing group last week was Small Cap Growth. The Mag 7 stocks came in 2nd place, tied with Mid Cap Growth.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The S&P Top 7<\/h4>\n<\/p>\n\nHere is a look at the seven mega-cap stocks that have been leading the market over the past year. These seven stocks account for 52% of the total YTD gain in the S&P 500. That’s down from 87% at the start of the year, providing evidence that participation in the bull market is broadening. META was the big winner, while NVDA continues to be a source of funds for investors.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The S&P Top 7 dominance is fading<\/h4>\n<\/p>\n<\/a><\/span><\/div>\nThe 10 best performing ETFs from last week<\/h4>\n<\/p>\n\nOil & Gas Equipment and Services led the way higher in ETF land. \u00a0<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The 10 worst performing ETFs from last week<\/h4>\n<\/p>\n\nCannabis stocks continue to suffer. Some of these companies are paying up to 70% in taxes. It’s hard to grow with a headwind like that.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The 10 best performing stocks from last week<\/h4>\n<\/p>\n\nHere are the 10 best performing stocks in the S&P 1500 last week. <\/p>\n
Constellation Energy (CEG) soared after inking a deal with Microsoft to reopen a shuttered nuclear plant in Pennsylvania. The plan is to use nuclear power to run Microsoft’s AI data centers.<\/p>\n<\/div>\n
This chart highlights the 59.4% gain in the S&P 500 from the October 2022 low through Friday’s close. We have moved above the trendline and it looks like we may have further to run before this rally is over.\u00a0<\/p>\n<\/div>\n
<\/a><\/span><\/div>\nMajor asset class performance.<\/h4>\n<\/p>\n\nHere is a look at the performance of the major asset classes, sorted by last week’s returns. I also included the returns since the October 12, 2022 low for additional context.<\/p>\n
The best performer last week was the Asia 50 index. Taiwan Semiconductor makes up 25% of the index, and TSM is struggling to keep up with surging demand. The worst performer was Volatility, as the VIX index first spiked, then fell from its high.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
Equity sector performance<\/h4>\n<\/p>\n\nFor this report I use the expanded sectors as published by Zacks<\/a>. They use 16 sectors rather than the standard 11. This gives us added granularity as we survey the winners and losers.<\/p>\nEnergy, especially energy services, had a good week. Autos also did well.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
Equity group performance<\/h4>\n<\/p>\n\nFor the groups, I separate the stocks in the S&P 1500 Composite Index by shared characteristics like growth, value, size, cyclical, defensive, and domestic vs. foreign.<\/p>\n
The best performing group last week was Small Cap Growth. The Mag 7 stocks came in 2nd place, tied with Mid Cap Growth.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The S&P Top 7<\/h4>\n<\/p>\n\nHere is a look at the seven mega-cap stocks that have been leading the market over the past year. These seven stocks account for 52% of the total YTD gain in the S&P 500. That’s down from 87% at the start of the year, providing evidence that participation in the bull market is broadening. META was the big winner, while NVDA continues to be a source of funds for investors.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The S&P Top 7 dominance is fading<\/h4>\n<\/p>\n<\/a><\/span><\/div>\nThe 10 best performing ETFs from last week<\/h4>\n<\/p>\n\nOil & Gas Equipment and Services led the way higher in ETF land. \u00a0<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The 10 worst performing ETFs from last week<\/h4>\n<\/p>\n\nCannabis stocks continue to suffer. Some of these companies are paying up to 70% in taxes. It’s hard to grow with a headwind like that.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The 10 best performing stocks from last week<\/h4>\n<\/p>\n\nHere are the 10 best performing stocks in the S&P 1500 last week. <\/p>\n
Constellation Energy (CEG) soared after inking a deal with Microsoft to reopen a shuttered nuclear plant in Pennsylvania. The plan is to use nuclear power to run Microsoft’s AI data centers.<\/p>\n<\/div>\n
Here is a look at the performance of the major asset classes, sorted by last week’s returns. I also included the returns since the October 12, 2022 low for additional context.<\/p>\n
The best performer last week was the Asia 50 index. Taiwan Semiconductor makes up 25% of the index, and TSM is struggling to keep up with surging demand. The worst performer was Volatility, as the VIX index first spiked, then fell from its high.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
Equity sector performance<\/h4>\n<\/p>\n\nFor this report I use the expanded sectors as published by Zacks<\/a>. They use 16 sectors rather than the standard 11. This gives us added granularity as we survey the winners and losers.<\/p>\nEnergy, especially energy services, had a good week. Autos also did well.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
Equity group performance<\/h4>\n<\/p>\n\nFor the groups, I separate the stocks in the S&P 1500 Composite Index by shared characteristics like growth, value, size, cyclical, defensive, and domestic vs. foreign.<\/p>\n
The best performing group last week was Small Cap Growth. The Mag 7 stocks came in 2nd place, tied with Mid Cap Growth.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The S&P Top 7<\/h4>\n<\/p>\n\nHere is a look at the seven mega-cap stocks that have been leading the market over the past year. These seven stocks account for 52% of the total YTD gain in the S&P 500. That’s down from 87% at the start of the year, providing evidence that participation in the bull market is broadening. META was the big winner, while NVDA continues to be a source of funds for investors.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The S&P Top 7 dominance is fading<\/h4>\n<\/p>\n<\/a><\/span><\/div>\nThe 10 best performing ETFs from last week<\/h4>\n<\/p>\n\nOil & Gas Equipment and Services led the way higher in ETF land. \u00a0<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The 10 worst performing ETFs from last week<\/h4>\n<\/p>\n\nCannabis stocks continue to suffer. Some of these companies are paying up to 70% in taxes. It’s hard to grow with a headwind like that.<\/p>\n<\/div>\n
<\/a><\/span><\/p>\nZenInvestor.org<\/p>\n<\/div>\n
The 10 best performing stocks from last week<\/h4>\n<\/p>\n\nHere are the 10 best performing stocks in the S&P 1500 last week. <\/p>\n
Constellation Energy (CEG) soared after inking a deal with Microsoft to reopen a shuttered nuclear plant in Pennsylvania. The plan is to use nuclear power to run Microsoft’s AI data centers.<\/p>\n<\/div>\n
For this report I use the expanded sectors as published by Zacks<\/a>. They use 16 sectors rather than the standard 11. This gives us added granularity as we survey the winners and losers.<\/p>\n Energy, especially energy services, had a good week. Autos also did well.<\/p>\n<\/div>\n ZenInvestor.org<\/p>\n<\/div>\n For the groups, I separate the stocks in the S&P 1500 Composite Index by shared characteristics like growth, value, size, cyclical, defensive, and domestic vs. foreign.<\/p>\n The best performing group last week was Small Cap Growth. The Mag 7 stocks came in 2nd place, tied with Mid Cap Growth.<\/p>\n<\/div>\n ZenInvestor.org<\/p>\n<\/div>\n Here is a look at the seven mega-cap stocks that have been leading the market over the past year. These seven stocks account for 52% of the total YTD gain in the S&P 500. That’s down from 87% at the start of the year, providing evidence that participation in the bull market is broadening. META was the big winner, while NVDA continues to be a source of funds for investors.<\/p>\n<\/div>\n ZenInvestor.org<\/p>\n<\/div>\n Oil & Gas Equipment and Services led the way higher in ETF land. \u00a0<\/p>\n<\/div>\n ZenInvestor.org<\/p>\n<\/div>\n Cannabis stocks continue to suffer. Some of these companies are paying up to 70% in taxes. It’s hard to grow with a headwind like that.<\/p>\n<\/div>\n ZenInvestor.org<\/p>\n<\/div>\n Here are the 10 best performing stocks in the S&P 1500 last week. <\/p>\n Constellation Energy (CEG) soared after inking a deal with Microsoft to reopen a shuttered nuclear plant in Pennsylvania. The plan is to use nuclear power to run Microsoft’s AI data centers.<\/p>\n<\/div>\nEquity group performance<\/h4>\n<\/p>\n
The S&P Top 7<\/h4>\n<\/p>\n
The S&P Top 7 dominance is fading<\/h4>\n<\/p>\n
The 10 best performing ETFs from last week<\/h4>\n<\/p>\n
The 10 worst performing ETFs from last week<\/h4>\n<\/p>\n
The 10 best performing stocks from last week<\/h4>\n<\/p>\n