Broker Check
Positive Investor Sentiment Grows and Stocks Climb

Positive Investor Sentiment Grows and Stocks Climb

June 06, 2023

During the holiday shortened trading week, the stock market was bolstered by a debt ceiling resolution and a robust jobs report. Positive investor sentiment is slowly building, pushing the market higher, and key price levels are being surpassed.

Last week the Nasdaq handily broke through an important resistance level from last August, while the S&P 500 rose nicely and came close to breaking though a similar resistance level. It was good to see that the rally had breadth and included many sectors of the stock market, including the small cap stocks which have been lagging all year.

Next week the market will be strongly influenced by the Federal Reserve meeting and monthly inflation reports. These events may dictate how the market closes out the 2nd quarter and whether it will be an exceptional quarter with high gains.

Photograph by: Tim Mossholder  on Unsplash´╗┐

.

.

.

.

.