The SP-500 has been on a steady rise for the past year, and it’s up nearly 15% year-to-date. As of late, the firm has been hovering just under the 4500 mark, and investors are eager to see if it will rise above the 4600 mark before the end of the year.
Analysts have become concerned about the market’s potential to push past 4600. With the uncertainty that comes from the election, a global health crisis, and lingering Brexit negotiations, market sentiment has been understandably mixed.
That said, there have been some positives that could propel the SP-500 forward. Commodity prices have been high and many US stocks are benefiting from these values. Additionally, the Federal Reserve has implemented measures to strengthen the US economy.
An increase in demand from large institutional buyers has likewise had a positive impact on the stock market over the past few months. The massive Wall Street banks have seen an uptick in trading activity, marking a turning point from the more pessimistic market outlook of the start of 2020.
It remains to be seen if the market can end the year on a high note with the SP-500 rising above 4600. The result may come down to a combination of investor fear and optimism, as well as market fundamentals.
Whatever the outcome, the stock market has already shown remarkable resilience in the face of some very turbulent times. With its current momentum, there is a good chance that the SP-500 could reach its highest level since the dot-com bubble, finishing the year strongly and buoying investor optimism about the future of the market.
