The S&P 500 has posted gains in 9 of the last 10 sessions and is just 35 points away from new highs near 7,000. When markets approach major psychological resistance levels with this magnitude of momentum, they rarely stay quiet, often resulting in a breakout. The strong trend and market's ability to ignore geopolitical risks suggest riding the momentum upward. Geopolitical tensions suddenly pricing in, or major tech companies reporting AI-related revenue drops/losses.
The S&P 500 has posted gains in 9 of the last 10 sessions and is just 35 points away from new highs near 7,000. When markets approach major psychological resistance levels with this magnitude of momentum, they rarely stay quiet, often resulting in a breakout. The strong trend and market's ability to ignore geopolitical risks suggest riding the momentum upward. Geopolitical tensions suddenly pricing in, or major tech companies reporting AI-related revenue drops/losses.