© Reuters. Could Stocks Break 4,200 Soon?

The S&P 500 (SPY) are flirting with 4,200 once again. Gladly it is no longer just large caps and usual tech suspects leading the way. Indeed the rally is broadening out to smaller stocks and growthier stocks. Read on below to find out why….(Please enjoy this updated version of my weekly commentary from the Reitmeister Total Return newsletter).

There were some very short lived flare ups last week with very little staying power. The first one I previewed above. That being the shift to defensive investing last week as worldwide Coronavirus cases spiked to a new high. And yes, there were modest signs of an increase in the States.

This had some investors moving towards a Risk Off investing approach with the most conservative names doing well. And the most aggressive names doing the worst. (And many of the names that benefit from the Coronavirus fading away also took it on the chin like restaurants, airlines, cruise lines et).

Continue reading on StockNews

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link


Please enter your comment!
Please enter your name here