You can do this easily over the weekend. Target an industry, open a spreadsheet and see what month that industry, ETF or stock topped and compare to today’s price. I was a bit surprised by the data below. From my perspective, and the data, we have been in distribution since January. However, the news has kept our eye on FAANG and the indices which topped later in the year. The prices in ‘Today’ are prices since the market opened and not EOD for either Thursday or Friday.
This was easy to accomplish but it may help you get a better understanding of where your favorite industry is at present regardless of whether it is ‘Charlie’ or ‘Delta’ in the coming weeks.