Relentless S&P 500 Momentum Leaves Dip Buyers Without a Playbook
- Stocks up in 14 of past 15 weeks for the best run since 1972
- Pullback in small caps, stocks with shaky finances is ignored
A monitor displays the S&P 500 index crossing 5000 on the floor of the New York Stock Exchange on Feb. 9.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Maybe only a recession will create an actual dip in the stock market, at this rate.
At least that’s what it feels like on Wall Street right now, as the relentless market rally punishes investors who failed to go all-in on equities heading into 2024.