Reported 14 days ago
The prospect of the S&P 500 reaching the 6,000 mark is gaining traction as the index recently recorded its 40th record close of the year, now sitting less than 5% away from this milestone. Analysts, including BMO Capital Markets' Brian Belski and DataTrek's Nicholas Colas, express bullish sentiments, highlighting indicators of robust market performance beyond just major tech stocks. With the Federal Reserve expected to cut interest rates, some believe the market could sustain higher levels despite historical price-to-earnings ratios. However, caution remains as the upcoming election poses potential risks.
Source: YAHOO