More than half of the S&P 500 stocks are on the rise, but investors remain cautious

On February 27, Jurrien Timmer, global head of macro at Fidelity Investments, said that slightly more than half of the constituent stocks in the S&P 500 index showed bullish signals. However, Timmer said, "It seems like everyone is waiting." You don't want to sell the stock in case the roller coaster arrives safely. But after the strong inflows since the U.S. election, who else is going to buy? "The S&P 500 Equal Weight Index remains below the Nov. 29 high, with only 53% of stocks above the 50-day moving average. We're in 'buy the rumors, wait for the news' mode. "Typically, stocks that move above the 50-day moving average are considered to be in a RISE trend. The S&P 500 underperformed in February as the market's enthusiasm for AI and the election waned.