The 52-Week Low Nobody Is Watching
Hey trader, The S&P 500 just printed another all-time high. Norwegian Cruise Lines just printed a 52-week low. Royal Caribbean is one print away from joining it. That gap should not exist. When cruise stocks rip, the S&P 500 rips. When cruise stocks crack, the index has a problem it hasn’t priced in yet. I call these wealth-effect stocks. They boom when the consumer feels rich, and they tank when the consumer pulls in. Right now they’re tanking, and the index is looking the other way. Stick with me. I’ll show you what the cruise lines are telling you, why they crack before the index does, and what to pull up on your own charts tonight. Two Economies, One Index The S&P 500 is being carried by exactly one story. Technology grew 30% on a weighted average basis last quarter. Eighty percent of S&P 500 companies beat earnings estimates. The