S&P 500 is just a few points away from the all-time high. This year, the market has faced multiple issues, including tariffs, wars, a weakening economy, extreme overvaluations, and inflation concerns, yet it continues to rise. I mentioned a few weeks ago that algorithms are positions for all-time highs, and when they are, even WW3 will not stop it. This is arguably the most resilient stock market I have ever seen.
The NASDAQ 100 continues to lead the market higher, indicating that investors are sticking to what has been working and showing no signs of changing their opinions or fear. Having said that, the new all-time highs should present a shorting opportunity. We expect more turbulence in the month ahead.
