Potential market consolidation expected during Republican Convention week ahead
If there’s one word that can sum up last week’s performance, it would be “historic”. The S&P 500 hit a new all-time high on Thursday when it closed at 2163, also dragging higher other major indices. This upward trend is being fortified by the good news on corporate earnings currently being reported. While we may see some consolidation in the upcoming Republican Convention week, allocations remain the same in anticipation of our second monthly transaction next weekend.
If there’s one word that can sum up last week’s performance, it would be “historic”. The S&P 500 hit a new all-time high on Thursday when it closed at 2163, also dragging higher other major indices. This upward trend is being fortified by the good news on corporate earnings currently being reported. While we may see some consolidation in the upcoming Republican Convention week, allocations remain the same in anticipation of our second monthly transaction next weekend.