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Steve Reitmeister

How Much Resistance @ 6,000 for Stocks?

Steve Reitmeister Spy Donald Trump Powell US Federal Reserve Inflation Reity Stock Market

We have enjoyed a text book 2 years to the new bull market leading to 2 years of tremendous gains. From that bear market low in October 2022 the S&P 500 (SPY) has rallied nearly +70% into Thursday’s close.

You can appreciate after such a long run why 6,000 is proving to be a spot of strong resistance. But really that is just a short term story.

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One subscription that gives you access to news from hundreds of sites

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