A New Stock Market High Looks Far Away. There’s a Lot at Stake.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 97%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

In 2000, the failure to reach a new record high was followed by a 40% drop.

The S&P 500 has soared this year, and the only challenge left is for the index to hit a new record high. Can it do it?

Nevertheless, here we are pondering whether the index can make a new high before January. It might not be as crazy as it seems. The S&P 500 has powered through a wall of worry to gain 16% so far this year, navigating obstacles such as a mini banking crisis, higher interest rates, and recession fears.

Getting there is far from an academic concern. An old peak sits out there like a beacon, drawing the attention of bulls and bears alike. If the record is broken, it probably confirms that a new bull market is under way, drawing in new investors, increasing the confidence of those who are already long, and forcing shorts to cover. But if it isn’t breached, bears will feel emboldened—and everyone else will wonder if they got it wrong.

Read More Trader That’s concerning “to an extent,” says Tuttle Capital Management CEO Matthew Tuttle.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Leon Cooperman says the stock market won't have a new high for a long timeBillionaire investor Leon Cooperman said Thursday the stock market could be stagnant for an extended period of time.
Källa: CNBC - 🏆 12. / 72 Läs mer »

Stock Market Today: Dow Edges Up, Nasdaq Slips 100 Points; Apple Stock Price RetreatsLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
Källa: WSJ - 🏆 98. / 63 Läs mer »

Jim Cramer sees ‘green shoot' in stock market reaction to this secondary stock saleThe market reaction to a $300 million secondary stock offering from Dutch Bros (BROS) is an encouraging sign, CNBC’s Jim Cramer said.
Källa: nbcsandiego - 🏆 524. / 51 Läs mer »

Asian Stock Market: Trades lower amid the fear of US higher rate, China's economic woesAsian equities edges lower on Thursday as investors are concerned about inflationary pressures in the US, which could convince the Federal Reserve (Fe
Källa: FXStreetNews - 🏆 14. / 72 Läs mer »

5 things to know before the stock market opens ThursdayHere are the most important news items that investors need to start their trading day.
Källa: NBCPhiladelphia - 🏆 569. / 51 Läs mer »