i dont think SP500 will move a lot either side till the interest rate decision in mid sep 24. could get support at 5500 and will end up the week at 5560 to 5575 region. 25p reduction is already priced in. market looking for min. 50p reduction in interest rate during sep 24 meeting. unless that happens, there won't be any new highs for SP500.
i assume the rotation from big tech will continue for a few more weeks before market start rolling back from mid oct 24 onwards.
Take Profit as S&P Hits 5800 or Hold Till 6000?
As the stock market hits record highs more than 40 times this year, there are concerns that history might repeat itself and another financial crisis could occur.
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Will S&P 500 hit 6000 by year-end as institutions predict?
Would you take profit and stay cautious ahead or hold till the year-end?
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