Will the Market Make All-time High In 2023?

December 15, 2023
Author: Peter Stolcers, Founder of OneOption

The S&P 500 is a couple of strong days from the all-time high and we are likely to test it in the next two weeks.

PRE-OPEN MARKET COMMENTS FRIDAY – The action this week has been very bullish and the SPY is $10.00 from the all-time high. We are likely to test it in the next week. The Fed has paused and they indicated that 3 rate cuts are possible in 2024. Asset Managers are scrambling to get long and they are under-allocated. Thre is a lot of cash on the sidelines and investors will start piling in so the inflows will increase.

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