S&P 500 To Rally Further Next 2 Weeks? Wealth Manager Points To 'Bullish Seasonality' But Warns Downside Volatility Could Follow After Tech Earnings Season
Portfolio Pulse from Shanthi Rexaline
The S&P 500 has reached an all-time high, and wealth manager Ram Ahluwalia from Lumida Wealth predicts a bullish seasonality for the next two weeks. However, he warns of potential downside volatility following tech earnings and the Democratic National Convention. Ahluwalia also highlights the risk of market uncertainty if a new Democratic candidate emerges.
July 03, 2024 | 5:55 am
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The SPDR S&P 500 ETF Trust (SPY) has reached an all-time high, driven by bullish seasonality. However, potential downside volatility is expected post-tech earnings and the Democratic National Convention.
The SPY ETF has reached an all-time high due to bullish seasonality. However, potential downside volatility is expected after tech earnings and the Democratic National Convention, which could impact the ETF's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100