Stocks Continue Climb Above 4,200
Jun 2, 2023
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“Software is eating the world, but AI is going to eat software.” ~ Nvidia CEO Jensen Huang, 2017
Good evening:
At the start of the year, pundits and experts were skeptical when our own Tom Lee predicted the S&P 500 would break 4,200 before revisiting the all-time high by year-end. Yet stocks, powered by technology, have risen thus far in 2023. By Memorial Day, the S&P had already hit 4,200. Check.
That strength continued in this shortened trading week as markets followed Washington’s progress on resolving the debt-ceiling issue. On Friday, jobs data supplied enough posi...