It seems like a relatively stable phase for the S&P 500 right now. I agree with you that it could keep climbing, potentially hitting $6089 or even higher. The Trump second term could play a role too as markets do seem to react strongly around political milestones. It will be interesting to see how it unfolds.
I mean you can be long at any price and you will make money. THEY CAN’R BRING THIS MARKET DOWN!!! Absolutely beyond impossible. Everything will be made a V for the rest of time. Could even see QQQ 1K by 2026.
This is actually plausible, if the BRIC initiative to get an alternate international currency started, gets wingz. All those dollars need to come home and buy something. Two main things worth having, the real estate and the stocks.
Man, how many times you need to say that: "(n)ever again"??? Just stop. For reference, nobody believed the raging bull market would ever end, let alone tank, in 2000. And yet it did. Nobody thought the market would blow up again in 2008, but it did. While 2020 blip wasn't as severe as the previous ones, S&P crashed nearly 35%. I have no idea when the next big crash will happen, but I fear it will happen more sooner than later considering how greedy the financial markets have been lately. But until then, enjoy the ride.
CPI and PPI on Wednesday and Thursday will boost markets giving them once again an all clear path to historic highs..... These numbers will be absolutely perfect creating a substantial rally going into the end of the week!!! Fed will bow to wallstreet and also keep that .25 rate cut on the table creating a gigantic year end rally....
You think? SPX is up nearly 30 % on the high print this year. We'd need to go back to 1995/97 to find a year which exceeded that (just shy of 35 %).
In just minutes after the inflation report is announced stocks will skyrocket to historic highs once again. Get ready ... Rally all day into the close. Rinse and repeat... Wouldn't surprise me by a solid 1% gain!