News

The US stock market is currently at historic highs, with the S&P 500 index just about 1% away from surpassing 7,000 points for the first time, and is on track to achieve eight consecutive months of gains, marking the longest monthly winning streak since 2017-2018. Paul Nolte, Senior Wealth Advisor at Murphy & Sylvest Wealth Management, stated that unless an external unexpected event occurs, the path of least resistance for the stock market remains upward. The Federal Reserve meeting minutes will become the market focus next week, as investors closely watch for clues on when the Fed might further cut interest rates. Meanwhile, news that President Trump has nominated a new Federal Reserve Chair to replace Powell could also impact market trends. The S&P 500 has risen nearly 18% so far this year, while the Nasdaq has gained 22%. The technology sector has recently underperformed, with capital flowing into lower-valued sectors. Anthony Saglimbene, Chief Market Strategist at Ameriprise Financial, commented that market funds are shifting toward sectors with more moderate valuations.

BlockBeats News, December 28th, the US stock market is currently at a historical high, with the S&P 500 index only about 1% away from breaking through 7000 points for the first time, poised to achieve its eighth consecutive monthly gain, which would be the longest monthly winning streak since 2017-2018. "Momentum is clearly on the bullish side," said Paul Nolte, Senior Wealth Advisor at Murphy & Sylvest Wealth Management, "unless there is an external unexpected event, I believe the path of least resistance for the stock market is still upward." The Federal Reserve meeting minutes will be a key focus for the market next week, with investors keenly watching when the Fed might cut rates further. Investors are also waiting for Trump to nominate a new Fed chair to replace Powell, and any hints from Trump could influence the market around next week. The S&P 500 index has risen nearly 18% year-to-date, while the Nasdaq has risen 22%. However, the technology sector, which has been a key driver of this bull market, has recently struggled, while other market sectors have performed well. Anthony Saglimbeni, Chief Market Strategist at Ameriprise Financial, said these market trends indicate that funds are rotating into sectors with more modest valuations. (FXStreet)

ChainCatcher News, according to Golden Ten Data, US stocks are currently at historic highs, with the S&P 500 index just about 1% away from surpassing 7,000 points for the first time, and is expected to achieve its eighth consecutive monthly gain, marking the longest monthly winning streak since 2017-2018. Paul Nolte, Senior Wealth Advisor at Murphy & Sylvest Wealth Management, stated that unless an external unexpected event occurs, the path of least resistance for the stock market remains upward. The Federal Reserve meeting minutes will become the market focus next week, as investors closely watch when the Fed might further cut interest rates. The S&P 500 index has risen nearly 18% so far this year, while the Nasdaq has gained 22%.