US stocks are now at an all-time high. The S&P 500 index is only about 1% away from breaking through 7,000 points for the first time, and is expected to rise for the eighth month in a row. This will be the longest continuous monthly rise record since 2017-2018. “The momentum is clearly on the side of the bulls,” said Paul Nolte, senior wealth advisor at Murphy & Sylvest Wealth Management. “Unless an external emergency occurs, I think the path of least resistance in the stock market is still upward.” The minutes of the Federal Reserve meeting will be the focus of market attention next week, and investors are paying close attention to when the Fed may cut interest rates further. Investors are still waiting for Trump to nominate a new chairman of the Federal Reserve to replace Powell. Any hint from Trump about this could lead to market trends in the next week or so. The S&P 500 index has risen nearly 18% during the year, while the NASDAQ has risen 22%. However, the technology sector, which is the main driving force of this bull market, has been struggling recently, while other sectors of the market have performed well. Anthony Saglimbene, chief market strategist at Ameriprise Financial, said that these market trends indicate that capital is rotating to areas with more moderate valuations.

US stocks are now at an all-time high. The S&P 500 index is only about 1% away from breaking through 7,000 points for the first time, and is expected to rise for the eighth month in a row. This will be the longest continuous monthly rise record since 2017-2018. “The momentum is clearly on the side of the bulls,” said Paul Nolte, senior wealth advisor at Murphy & Sylvest Wealth Management. “Unless an external emergency occurs, I think the path of least resistance in the stock market is still upward.” The minutes of the Federal Reserve meeting will be the focus of market attention next week, and investors are paying close attention to when the Federal Reserve may cut interest rates further. Investors are still waiting for Trump to nominate a new chairman of the Federal Reserve to replace Powell. Any hint from Trump about this could lead to market trends in the next week or so. The S&P 500 index has risen nearly 18% during the year, while the NASDAQ has risen 22%. However, the technology sector, which is the main driving force of this bull market, has been struggling recently, while other sectors of the market have performed well. Anthony Saglimbene, chief market strategist at Ameriprise Financial, said that these market trends indicate that capital is rotating to areas with more moderate valuations.