Given the similarities between 2024 and 2007, particularly in the context of unexpected rate cuts leading to significant market rallies, it seems plausible that the S&P could hit 6000 by year-end. The positive market reaction to the Fed's decision and solid economic fundamentals suggest a bullish sentiment.
In terms of strategy, taking profits may be prudent if you've already seen substantial gains, but staying firm with your holdings could capitalize on further upside potential. Overall, I lean towards a bullish stance given the current momentum and historical parallels. $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$
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