Which Will Hit First: SPX 6100 or SPX 5100?
Last Friday, the S&P 500 finished the week just below 5700. The question going into this week was, “Will the S&P 500 get propelled above the 200-day?” And as I review the evidence after Friday’s close, I’m noting that the SPX is almost exactly where it was one week ago! That’s right–after all the headlines, tariff tantrums, and earnings reports, the S&P 500 ended the week 0.4% below where it started. This “lack of conviction” week led...