Getting Ready For A Stock Rally: Why Stocks May Be Past The Worst For A WhilePhoto by David Vives on UnsplashIt’s more likely than not that the stock market has hit bottom. In other words, the chances are that the SPDR S&P 500 ( SPY ) exchange-traded fund, which tracks the S&P 500 index, is more likely to continue climbing than it is to descend into a long-term downtrend. However, MRA says the market needs to show something more before its confident we are well on the way to resuming the bull market in stocks. S&P 500 futures contracts were recently fetching around 4100, which means there’s a potential 2.4% gain over the next few weeks. The idea is that over long periods the stock market tends to trend higher.

Source: Forbes August 06, 2022 04:28 UTC