Indexes Idle at Peaks: A Stock-Picker’s Storm Rages in New York today

Bill’s report of trading of 184 stocks in New York today summarizes a highly divergent market environment where major US indexes are technically robust and trading near record highs, yet significant volatility rages underneath. The analysis, which relies on the technical “Bill Cara INSTAT System,” confirms that while the broader market trend is undeniably bullish, individual stocks show massive dispersion, exemplified by the Technology sector’s extreme winners and losers. The report notes strong rotation into secular growth themes, such as space infrastructure and grid storage solutions, while high-valuation names failing to meet perfection are severely punished. Furthermore, the Financial sector is technically strong due to anticipation of an imminent Fed rate cut, and the International group signals a cyclical recovery driven by upward global growth forecast revisions. This divergence suggests that capital is becoming increasingly selective, meaning the market is technically sound but fraught with risk for stock-pickers.