The S&P 500 is back to the 290-300 level that has been acting as resistance several times in the past couple of years. What can be the catalyst that can push it above 300?
Already low-interest rates coupled with relaxed Fed can be a recipe for appreciation in multiple assets – stocks, gold, crypto, bonds are all breaking out and trading near multi-year highs while the U.S. Dollar is starting to crack.
We continue to see mostly constructive price action in various sectors and market capitalizations. Even mega-caps that had significant pullbacks earlier this year like FB and BA are setting up above their 50-day moving averages.
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