The S&P 500 (^GSPC) has gained roughly 18% within the final 6 months, with solely a slight pullback in late March to mid-April. Many analysts on Wall Avenue have raised their year-end targets for the S&P 500.
Fundstrat World Advisors Managing Director & World Head of Technical Technique Mark Newton joins Market Domination to debate the momentum behind the S&P 500 and the market’s total well being.
Newton provides his bullish stance, advising traders: “I believe it is a yr for risk-taking. I am very bullish. I believe we push as much as in all probability 5400 at a minimal. We will see consolidation I believe, within the fall. However now just isn’t a time to be working for canopy. If something, with proof of treasuries beginning to acquire some traction and wheels are beginning to roll over and the greenback is beginning to pull again. That is been nice for rising markets.”
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