Leaders & Laggards 12.30.24

(+) November Pending Home Sales beat estimates and came in best since early 2023. It’s been a pretty good pickup in year-over-year activity across the board below. Buyers giving up on lower borrowing costs..

Natural Gas +15% today on predictions for an unseasonably cold January…building on the end-of-year push higher and putting a bid under energy today…

Curve is getting steeper?

(-) December is tracking for the worst month of the S&P 500 Equal-Weight to the Market-Cap weight since March 2020 (Bespoke), Mag 7/mega-cap tech is working, most everything else is not…

?Rough day, 470/500 in the SPX were red, December has been bloody for most but the largest caps…via Bloomberg & Koyfin…

…but still holding the line….

Leaders & laggards:

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