It is always possible to hit 5000. With an election round the end of the year, it is honestly possible.
However, there are also concerns about inflation, debts and interest rates that are weighing on the people.
There is a chance of market correction or entering a bear but some stocks may be able to carry $SPDR S&P 500 ETF Trust(SPY)$ across the 5000 mark soon.
One key to look out for is the earnings of the Magnificent 7. Some should do well and some should drag down the rest.
Do not forget to hedge.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments