| There are TWO really bizarre things happening in the final 30 minutes of trading | |
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Something weird happens into the market close.
Last week, we highlighted a chart from JC O'Hara of FBN Securities, who noted that during the final 30 minutes of trading this year, the S&P 500 was down about 2%.
On Tuesday, O'Hara updated this chart in a note to clients and found that the Russell 2000 — the benchmark index for mid- and small-cap companies in the stock market — is actually up about 2% this year during the same period.
In his note, O'Hara writes that he views this action, "favorably for smaller caps and the overall health of the market as hedge funds are more closely benchmarked to the Russell and look to be buying stock."
And so while it looks like we have net sellers for the biggest US stocks into the market close, some of the smaller stocks find a bid late in the day.
Make of it what you will.
(FBN Securities)
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Stellar Pacific Ventures Inc.
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EXPLORATION STAGE |
CODE : SPX.V |
ISIN : CA85855B1022 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Stellar Pacific is a gold and copper exploration company based in Canada. Stellar Pacific holds various exploration projects in Canada and in Guinea. Its main exploration properties are HEVA, MONSTER LAKE and VASSAN in Canada and BALANDOUGOU GUINEA in Guinea. Stellar Pacific is listed in Canada. Its market capitalisation is CA$ 240 641 as of today (US$ 175 562, € 163 992). Its stock quote reached its highest recent level on February 18, 2011 at CA$ 0.95, and its lowest recent point on April 24, 2024 at CA$ 0.01. Stellar Pacific has 24 064 050 shares outstanding. |