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4 Sectors That Could Propel the Stock Market Higher -Breaking

by Mike Robinson

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© Reuters. Four Sectors that could propel the stock market higher

My younger self would maniacally laugh at the classic “Are we there yet?” scene from the Simpsons and then subject my parents to the same torture on our road trips. So, it’s only fitting that the S&P 500 (SPY) is torturing us in a similar way. The bullish reaction to the FOMC meeting and an explosion higher suggested that there was a bottom and that the bullish trend, seasonal forces, and bullish trends would lead us higher. Today makes this less probable. Today’s commentary will dive into this conundrum and then review some of the sectors showing favorable developments. Read on below to find out more….You can enjoy the updated version of my weekly comments published December 16th, 2021 via POWR Stocks under $10 newsletter.

Since last Thursday, the S&P 500 is basically flat, but it’s still felt like sellers have remained in control.

Other measures paint a completely different picture. The market’s small-caps have dropped 3% in the past week. However, there were larger pullbacks in some pockets.

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