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Business

Steve Reitmeister

5,000 Green or Red Light for Stocks???

US Federal Reserve Inflation Reitmeister Reity

There is no surprise that the market is flirting with 5,000 for the S&P 500 (SPY). Just too attractive of a level not to attain at this time.

The problem is that this is a very hollow rally like we saw for the majority of 2023 where almost all the gains were accruing to the Magnificent 7 mega cap tech stocks.

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