On the SPOT™ blog (06/09/2023) [T..]
- Salyl Bhagwat
- Jun 9, 2023
- 3 min read
All three major US indices appeared to in the midl green following yesterday's event of S&P500 ending one of the longest bear markets. Albeit, it seems to be a bull market signal, this particular bull run seems to point to caution as a significant portion of this is related to Big Techs lifting the index out of bear market. Rally isn't very broad based. So, it's a welcome signal but remaining cautious might be prudent. Next week will bring in critical information about the state of inflation control and FOMC's rate hike decision.
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