Philotimo Wealth Management

What is driving the market this year? There has been a lot of positives despite more negative noise (depending on your sources). There has been a lot of talk about how these 7 companies are driving the market while the other 493 are lagging.

However, if we take a closer look 90 S&P 500 stocks hit 52-week highs in May, from various sectors as shown in the bar chart. This has been a good sign historically for the overall market.

As always, past performance doesn't predict future performance, these charts are for information purposes only and in no way recommendations one way or the other.

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This article was prepared by CJ Stevens and Jerry Kallitsis who are both mutual fund representatives with Investia Financial Services Inc. This is not an official publication of Investia Financial Services Inc. The views expressed in this article are those of the author alone, and are not necessarily those of Investia Financial Services Inc. The content is for informational purposes only, you should not construe any such information as legal, tax, investment, financial or other advice. All content on this site is information of a general nature and does not address the circumstances of any particular individual or entity.