SPY broke through all time highs closing at $602.55
$SPDR S&P 500 ETF Trust(SPY)$ broke through all time highs closing at $602.55.
It's up 27.5% year to date, but it will go higher.
Here's 4 massive SPY catalyst you need to focus on 🧵 $.SPX(.SPX)$ $E-mini S&P 500 - main 2412(ESmain)$
✅#1 FOMC on Dec 18 at 2pm EST
SPY is pricing in 25 basis point interest rate cut. Lower rates means more consumer borrowing and this will stimulate market.
There could be BLOOD on the streets Dec 18, but I'm a massive dip buyer for SPY to swing target $610-$620+ range
✅#2 Santa Claus Rally
Time between Christmas and New Year's Day. The most profitable range of days is the last 5 trading days of December and 1st two trading days of January.
Look up "January Effect" as a bonus! A correction of 5%-10% can happen 1st Quarter of 2025.
✅#3 Window Dressing for YEAR-END
Strategy used by Wallstreet to make financial reports and portfolios look more appealing to clients. Goal is to attract more people and more money, boosting the next reporting period's bottom line.
This will inflate the SPY and push it even higher.
✅#4 Animal Spirits and Donald Trump
$7 trillion of buying power waiting on a good opportunity to get into the market for next 5-10 year bull run.
Trump is PRO-stock market, PRO-technology and PRO-deregulation.
BONUS SPY Catalyst
$IONQ Inc.(IONQ)$ is one of our favorite plays. Shared at $6 and we think it can go to triple digits if QUANTUM computing leaps next year.
2025 will be AI + Quantum + Robotics will accelerate SPY towards $680+
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.
I appreciate your enthusiasm and the graph but what economic drivers to support such statements? AI hahaharrr🤔☝️