Phil Rosen: S&P 500 rises 12% despite 203 stocks negative year-to-date

Phil Rosen: S&P 500 rises 12% despite 203 stocks negative year-to-date
S&P 500 up 12% as many stocks fall

The S&P 500 has increased 12% even though 203 individual stocks in the index are negative for the year to date.

Phil Rosen also noted that 35% of S&P 500 constituents are outperforming the index.

Earlier this year, Phil Rosen reported that the S&P 500 had gained 118% over four years, with only two other bull markets in the past seven decades showing higher returns (full story). Rosen has also noted that tech stocks are historically undervalued compared to the S&P 500, citing the growth in Nvidia’s market cap from $144 billion in 2019 to nearly $6 trillion (more details). These earlier observations provide context to the current year’s varied performance among S&P 500 members.

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