S&P 500: Does It Have The Strength To Run Higher?
Stocks closed at a local low yesterday, but today the market will likely be trying to retrace the decline. So, is the S&P 500 heading lower soon? Q2 2021 hedge fund letters, conferences and more The broad stock market index lost 0.46% yesterday as it got back to Wednesday’s local low. It even went below the 4,500 level! Last Thursday (Sept. 2) the index reached a new record high of 4,545.85. This morning it is expected to open higher. The index remains elevated after the recent run-up, so we may see some more profound profit-taking action at some point. The nearest important support level of t...