S&P 500 Market Analysis Today: Stocks are still climbing! The S&P 500 Futures is up again this morning, rising approximately a fourth of a percent from yesterday's close, to 6363 points, building on its recent winning streak. Yesterday, it hit another record high, even though the Nasdaq paused its run.
What's Driving the Market?
Earnings Buzz: Investors are pumped about corporate earnings. Despite a few disappointments, plenty of companies are beating expectations, fueling market excitement. Big tech results from Alphabet (Google) and Tesla are dropping soon, and everyone's eyes are on those.
Bond Boost: Bond yields (basically, the returns from lending money to the government) are lower right now, making stocks look even more attractive.
Trade Drama: Trade talks and tariff concerns are still in the mix, adding some uncertainty, but so far, optimism is holding strong.
More significant than that resistance line, however, is the purple VWAP line I pointed out in today's video. Anchored from the breakout of the previous multi-month All-Time High, this VWAP confirms bullish momentum.
IMHO, shorting right now doesn't make sense, especially with Alphabet's earnings coming tonight. Here’s one clear reason to avoid shorts.
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