Stock "Resilience" Continues With Sixth Straight Weekly Advance
Oct 18, 2024
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"When we have a good balance between thinking and feeling ... our actions and lives are always the richer for it." ~Yo-Yo Ma
Good evening,
The market continued to show signs of resilience this week, with the S&P 500 notching its sixth consecutive up week to close on Friday at a new all-time high. For Fundstrat Head of Research Tom Lee, this was more evidence of the fortitude that the market has shown in recent months: stocks have risen on numerous occasions, even after investors were given reasons to sell off. They have advanced despite higher-than-expected inflation prints, weaker ...