Chart of The Day – June 2, 2020

By: Chris Wenner in Charts 06/02/2020

Is TSLA now as important to watch as the AAPL & MSFT’s of the market?  TSLA hit 944.78 on 2/19/20 (and closed at its all-time-high of 917.42), which was the same day the S&P 500 topped @ 3393.52.  While TSLA is virtually back at that level – and the S&P remains roughly 10% from its all-time-high – it’s interesting to watch nonetheless.  Both AAPL & MSFT topped out a few weeks before the S&P did, not the same day.  I think from a sentiment perspective of general equity markets, TSLA has now earned its seat at the table to watch as a “bellwether.”

CW

 

By: Chris Wenner

Managing Director

Jonathan Molchan

Wennco's innovative strategies and robust OCIO capabilities are designed for RIAs, Family Offices, and high-net-worth individuals.

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