Resilient Rally = Resilient Opportunities
Hey, it’s Ross Givens here with the Chart of the Day. As the SPX leads the charge, surpassing January 2022 highs, the RSP appears poised for an imminent breakthrough. While mega-cap stocks exert a considerable impact on the SPX, the RSP’s breakout demands broader market participation. The moment the RSP clears its previous all-time high, it signals the onset of a robust and sustainable bull rally, possibly preceded by a pullback. However, seizing opportunities doesn’t hinge on the RSP breakout alone. Join me in the Insight of the Day for a comprehensive perspective on navigating the current market landscape.
February 27, 2024
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