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US Stocks Approach Historic Highs, Focus on Fed Policy and Sector Rotation
Summary: According to sources, US stocks are currently at historic highs, with the S&P 500 index just about 1% away from breaking through 7,000 points, poised to achieve an eighth consecutive month of gains, setting the longest monthly winning streak since 2017-2018. Paul Nolt, Senior Wealth Advisor at Murphy & Sylvest Wealth Management, stated that unless ...
According to sources, US stocks are currently at historic highs, with the S&P 500 index just about 1% away from breaking through 7,000 points, poised to achieve an eighth consecutive month of gains, setting the longest monthly winning streak since 2017-2018. Paul Nolt, Senior Wealth Advisor at Murphy & Sylvest Wealth Management, stated that unless there is an external unexpected event, the path of least resistance for the stock market remains upward. The minutes of the Federal Reserve meeting will be a market focus next week, with investors closely watching when the Fed may further cut interest rates. The S&P 500 index has risen nearly 18% year-to-date, while the Nasdaq has risen 22%.
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