This is from Samantha’s Daily column. You can sign up for The Daily Market Catch here.
The One Big Thing
While the S&P 500 Index $SPX reached a new high, the Top 10 IPOs had been plunging since July.
“Most notable of these is the underperformance of this year’s largest IPOs, a class characterized by fast-growing/money-losing venture capital favorites.” @jessefelder
I tweeted Friday: IPOs may soon be considered “value plays” as short covering comes into play.
Shows price to sales ratio in the S&P 500 Index is exactly at the same level as seen in early 2000.
Careful; Momentum is not confirming.
Top Reads / Videos
It’s a thorough read! Check it out here: https://www.lynalden.com/november-2019-newsletter/
Samantha LaDuc is the Founder of LaDucTrading.com and the CIO at LaDuc Capital LLC.
Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.
Editor’s note: Article updated at 8:14 pm cst to add link attribution.