Bonnie’s Market Update 9/27/24

Major averages rose for the third week. Seven of the eleven S&P SPDR sectors were higher last week. Materials (XLB) and Consumer Discretionary (XLY) were the leading sectors, and Energy (XLE) and Health Care (XLV) were the weakest. The SPDR S&P 500 ETF Trust (SPY) gained +0.57%.

S&P SPDR Sector ETFs Performance Summary 9/20/24-9/27/24

092724 SPDR Sectors

Source: Stockcharts.com

Figure 2: Bonnie’s ETFs Watch List Performance Summary 9/20/24-9/27/24

092724 Bonnie’s ETF Watch List

Source: Stockcharts.com

China’s stock market skyrocketed after news that the government would help the economy. Emerging Markets and Semiconductors were stronger than the S&P 500, while Small Caps, Growth, Value, and Biotechnology lagged.

You can explore Bonnie’s market charts from last week and more HERE.

Summing Up:

Tape action continues to be positive as the major averages continue higher. Its bullish market breadth has confirmed the highs in the major averages, implying any pullback is likely short-lived, and another test of the high will follow.

Let’s get to know each other better. If you have any questions or want to explore charts together, contact me at Bonnie@Bonniegortler.com.  Alternatively, you can go directly to my calendar to schedule a time. Click HERE:

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Bonnie S. Gortler

Bonnie Gortler, a Consultant, Coach, and Author, is a Wealth & Well-Being expert with over 35 years of experience in managing multi-million-dollar client portfolios at a top-rated investment firm. As the author of Journey to Wealth, Bonnie is dedicated to teaching the importance of risk management and achieving true financial well-being by integrating both the technical and mental aspects of investing. With an M.B.A. and certification as a life coach, Bonnie combines her passion for coaching, consulting, and blogging to inspire people globally. Her powerful techniques and winning mindset help others experience personal growth and financial success. Explore wealth-building tips, personal development strategies, and more at BonnieGortler.com, and discover how you can enhance your wealth and well-being.  


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