U.S.-listed common stocks rose Thursday by $1.4T, or 2.9%

One portion of our Chicago Quantum Net Score model analysis is to look at the total market capitalization of all the stocks that pass data validation each day.

Today, 2,984 stocks made the cut, down daily by 8 then 3, and down 36 from two weeks ago as some stocks must have delisted or seen low/no volume on a single day.

The total market capitalization of stocks at market close on October 3, 2023 is $49.0 trillion. The market capitalization on October 3, 2023 was $47.7, and October 2, 2023 was $49.3 trillion. Yesterday the total value of our relevant stock universe rose $1.4 trillion after falling $1.6 trillion.

$47.661T (market cap Oct 3 close)
$49.028T (market cap Oct 4 close)
-$1.367T (the difference a day makes)
-0.0287% (percentage difference).

We have noticed that the main US equity exchanges don’t show the same size movements.
SPY up 0.0%
QQQ up 0.2%
IWM up 0.3%

This feels very important to us. The typical stock investor gained 1.4% yesterday. They made money, but the indices they see were flat. There is a disconnect here. However, the index holders are sitting safer and more secure with smaller movements. This is usually thought to be due to the power of market capitalization weighting of stock portfolios, but it could just as well be due to the lack of…