SOX is 60 percent above its 200-day average, Gunjan Banerji notes

SOX is 60 percent above its 200-day average, Gunjan Banerji notes
SOX hits highest level since 2000

Gunjan Banerji, industry influencer, reports that the SOX index is currently 60 percent above its 200-day moving average.

According to her analysis, this is a level not reached since March 2000 and July 1995, highlighting the strength of the current move.

Banerji has recently tracked a 12 percent rebound in the S&P 500 from its March 30 low, citing renewed optimism among investors in a recent report. She also highlighted that hedge funds recorded $90 billion in inflows over two quarters, taking total assets to a record high, the largest increase since 2007, according to her analysis. These developments add context to the current strength seen in the SOX index.

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