GNG TV: Is the S&P 500 Set to Reach All-Time Highs Before 2021?
The S&P 500 has made a dramatic bounce from its coronavirus slump and is now threatening to reach the all-time highs by year end of 2018. As investors have become increasingly bullish on the market, question arises as to whether the rally can be sustained for the remainder of the year and beyond. There is no doubt that the U.S. economy is about to take off, largely due to the success of the recently passed tax cuts package. Investment banks, banks, and business activity have all seen a positive uptick due to these new economic policies. This has led to strong stock market performance, with the S&P 500 seeing a notable surge over the past few weeks. However, an ongoing question remains as to whether this performance can be sustained for the remainder of the year. There are certainly concerns that the market may start to cool off in the near future, as rising inflation and an increasing number of trade disputes may put a dent in the U.S. economy’s recent success. In addition to this, increasing geopolitical tension could cause investors to withdraw their money and cause the market to pull back. Furthermore, it remains to be seen whether the S&P 500 can sustain these levels of growth, especially if more economic data is released that shows signs of slowing. This could lead to a correction of the S&P 500 and put an end to its breakout rally. All in all, however, the S&P 500 breakout rally may very well reach its all-time highs by year end. Investors will need to stay informed of all the latest news and economic data to make sure that they can ride the wave until it reaches its peak. Additionally, investors should pay attention to any geopolitical issues that may arise, as these could quickly change the direction of the market and put up a roadblock for the S&P 500’s progress.