Sector Detector: Is the September surge in jobs and consumer spending reality or more manipulation?

by Scott Martindale President & CEO, Sabrient Systems LLC The S&P 500 rose 20.8% during the first three quarters of 2024, which is its best start since 1997 and the best for any presidential election year in history. Moreover, for perspective, the ratio of US stock market capitalization to the global stock market has risen from 30% in 2009 (following the GFC) to almost 50% today….