1. Russell 1000 Growth Index New Highs….Forward P/E 31….MSFT and AAPL 28.5% OF INDEX

SentimenTrader notes This rally is ALL tech. While 76% of NASDAQ 100 members are above their 200 dma, less than 40% of S&P members are above their 200 dma. Tech is trying to lift up the index, other stocks aren’t participating. This has pushed the gap in breadth to an all-time high
Dave Lutz at Jones Trading.
SMART BETA OR FACTOR RETURNS SINCE 2008—GROWTH 100% OVER NEXT CLOSEST FACTOR
NERD ETF Chart-Esports and Digital Entertainment