A market that refuses to go down…will inevitably go up
And that simple logic is precisely what we see happening at this stage. Even as the start date for Fed rate cuts gets kicked further down the road, investors just don’t want to lose their grip on the stock market.
This helps explain why the S&P 500 (SPY) pushed to new highs once again on Thursday even as Fed officials are singing in unison about the dangers of cutting rates too soon. One has to assume this positive price trend will stay in place until there is a dramatically negative catalyst.
So that leads to the question…what could derail this bull market?
This post originally appeared at StockNews.com.