— the S&P 500 and Dow finished in the red while the Nasdaq Composite closed at a record high — although all three posted a gain for the week. The Dow registered its fifth positive week in six while the S&P posted its third positive week in four. The Nasdaq advanced 4.19% last week for its best week since November and fifth positive week in six as shares of Big Tech names pushed the index to a new all-time high.
"Right now, watch for signs of inflation as a temporary or more long-term trend. If it's just a quick shock, we may see some market weakness without any major Fed action," she noted. "On the other hand, persistently high inflation may force the Fed to consider raising rates and pulling back their market support."
According to data from Bank of America, of the S&P 500 components that have already reported earnings, 73% have beaten on both sales and EPS. The firm said this is tracking similar to last quarter when the number of companies beating hit a record.
WallStreet 'advisers' and mass media: CNBC, Bloomberg have to be very proud for luring clueless retail 'investors' into the biggest StockMarket BUBBLE in history! This is what they are paid for by big corporations - turning retail investors into bagholders!
There is only ONE the most important thing you need to know about StockMarket - WE ARE IN THE BIGGEST STOCKMARKET BUBBLE IN HISTORY!!! 190% Ratio of StockMarket CAP to GDP!!! SIGNIFICANTLY OVERVALUED!!! DON'T LOSE YOUR MONEY!!!
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