Resilient buying on dips, maintaining bullish trend. Driven by key stocks and anticipation of relaxed monetary policy, the index shows strength amid volatility.
The S&P 500 gave back a little bit on Monday morning, but it still finds buyers below to show strength and turn things around.
Never forget that six or seven stocks are driving this market in the end.
This is a dangerous precedent but may be more common now because of the passive investing crowd.
The S&P 500 Sluggish but Positive
Early in Monday's trading session, the S&P 500 gave up a little bit, but it later recovered and began to show signs of life. By doing this, it appears that we have a situation in which you will always be able to find great deals. Despite the fact that this market is still very turbulent and noisy, there are still a lot of people who are willing to invest in it. Remember that there will be a lot of people looking at this as an opportunity because value hunting will be prevalent in the market.
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