Summary
- The S&P 500 is poised for a breakout, driven by the Fed’s rate easing and resilient economic growth, targeting 6,200 by year-end.
- Technical indicators show bullish momentum, with support levels at 5,500-5,400, suggesting further upside into 2025 despite potential election volatility.
- Key economic data and earnings reports, especially from Micron and Costco, will provide insights into consumer trends and AI market demand.
- Valuations remain attractive, with the potential for P/E ratios to expand as the Fed continues easing, boosting high-quality stocks and risk assets.
- This idea was discussed in more depth with members of my private investing community, The Financial Prophet. Learn More »
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The S&P 500 “SPX” (SP500) has recently appreciated considerably and is now trading around new ATHs, likely gearing up for the breakout higher into year-end and 2025. The Fed kicked off the rate easing process by cutting
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All-Weather Portfolio vs. The S&P 500
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Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I am long a diversified portfolio with hedges.
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