It was a strong finish to the week, which saw every S&P 500 sector higher on the day.
The S&P 500 closed above the 50-day moving average and is now poised for a move that could clear 4,600 by year’s end.
The green across the screen hints at buyers hoping this next leg higher will be more inclusive.
Banks Must Lead
They don’t have to be the lead horse, but banks and financials must be in the leadership mix.
It will be interesting to see how the market reacts to Moody’s change in the U.S. credit outlook. But this is more about government spending than anything happening on the Street.
The House unveiled a plan to avoid a government shutdown, but it remains to be seen what kinds of games will be played with the media urging descent and conflict.
The major indices are lower as investors gear up for a key inflation reading this week.
The 10-year yield is higher this morning, up 2 basis points to 4.67%.
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