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.
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- EdithHardy·01-26Agree! Hedge your bets. 🚀LikeReport