It has been a bit more of a tepid one for stocks in the last two days. But even so, the likes of the S&P 500 is up a little over 1% this week. Although, that owes much to the jump higher on Monday. US futures might be pointing lower today but in the bigger picture, the major indices look to be lining up a retest of record highs next week:The drop last month saw the S&P 500 near a test of its 100-day moving average (red line) before buyers stepped in. It came as geopolitical tensions faded before another push higher last week after softer US data.We've sort of hit the floor with regards to the Fed outlook as traders went from seven rate cuts priced in at the start of the year to then just one
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