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Why the Stock Maret Could Be Making New Highs by Next Week -Breaking

by Mike Robinson

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© Reuters. Why the Stock Maret Could Be Making New Highs by Next Week

Last week’s article laid out the bullish case for stocks. Despite the market’s turbulence, market conditions were improving under the surface. This simply means that the odds of a trending, broad-based market advance were higher than usual. AND, the market did respond as the S&P 500 (SPY) is up by more than 120 points since last week. We are now less than 2% away from all-time highs, and I believe that we should be making new highs by this time, next week. This development is also consistent with the bullish Q4 roadmap that I have been laying out the past couple of weeks. In today’s commentary, I want to talk about why I’m feeling so bullish and recap the latest in earnings season. Read on below to find out more….(Please enjoy this updated version of my weekly commentary published October 18, 2021 from the POWR Growth newsletter).

Market Commentary

First, let’s do our normal recap of the past week:

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