Tag: S&P 500 distorted by the Mag 7 and trading at record highs under the surface there are many stocks with reasonable valuations

As the economy enters the second half of the year, we’re faced with two opposing trends: So, while improving profits will likely help buoy up the S&P 493, the broadening hasn’t fully developed.  The equal weight S&P 500 along with the Mid & Small caps are still trading BELOW their 50 day moving average.  Depending…