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S&P 500 Crosses The 4,000 Mark, Rates Settle, Tech Rallies

The S&P 500 closed Thursday at 4,019.87 at an all-time-high. Despite this, there have been a lot of bears pronouncing the top for any number of reasons. We are encouraged by the ample bearish sentiment that is out there. All-time-highs are all-time-highs. The market speaks in terms of price. We see plenty of bullish catalysts that should drive the market higher from here. Not only are all-time highs great but something that was particularly encouraging about today’s rally is that it was le

The S&P 500 closed Thursday at 4,019.87 at an all-time-high. Despite this, there have been a lot of bears pronouncing the top for any number of reasons. We are encouraged by the ample bearish sentiment that is out there. All-time-highs are all-time-highs. The market speaks in terms of price. We see plenty of bullish catalysts that should drive the market higher from here. Not only are all-time highs great but something that was particularly encouraging about today’s rally is that it was led by Technology and Energy simultaneously. This has been rather anomalous compared to the market dynamic over the past few weeks. Vaccine penetration continues to be ahead of schedule and the prospect of the healthcare system being overwhelmed, the reason for commerce-interrupting lockdowns diminishes by the hour with each jab administered.

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