- The S&P 500 has rallied rather significantly during the course of the trading session on Friday as it looks like we are going to continue the overall uptrend.
- Ultimately, this is a market that buyers continue to come back to, and it does make a certain amount of sense considering that it has become an ETF of about three companies.
- Everything is about artificial intelligence, and as long as it looks like artificial intelligence is going to continue to perform well, then the S&P 500 and pretty much any other index that has any AI companies in it will do the same.
The upward momentum continues, and I do think at this point you have to look at it from the prism of a market that did have a severe lack of liquidity but it also has to be thought of as a market that was in an uptrend anyways. So, it was always going to go higher given enough time.
Top Regulated Brokers
Something to derail the market? Not at the moment.
There's really nothing out there to derail the market at the moment, which in and of itself can make me nervous at times. But the reality is we've had plenty of reasons why the S&P 500 market should have fallen at this point, and it just simply won't for any significant amount of time. It is because of this that pullbacks are to be thought of as buying opportunities or at least a little bit of value being thrown into the marketplace that you can take advantage of.
There's absolutely no scenario in which I'm shorting the S&P 500. It's just simply not designed to fall. Otherwise, it would be equal weighted. It is not. It comes down to what the top 10 companies in the index are doing. Or actually as of late, it's been more like the top three or four. So, we will continue to go higher given enough time.
Ready to trade our S&P 500 analysis? Here’s a list of some of the best CFD trading brokers to check out