72 percent of stocks rose an average 1.8 percent, Keith McCullough notes

72 percent of stocks rose an average 1.8 percent, Keith McCullough notes
Majority of stocks posted gains

Keith McCullough, founder / CEO at Hedgeye Risk Management, observed that 72 percent of stocks ended the day in positive territory, averaging a 1.8 percent gain.

He remarked that the upward movement did not occur in the stocks most favored by consensus investors.

McCullough previously noted that 54 companies in the Nasdaq 100 saw year-on-year earnings growth of 50 percent, according to a recent report. He also remarked on record-high trading volume in SPY during a Quad2 cycle squeeze, citing all-time highs for the fund. These observations provide broader context to his latest market commentary.

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