The bull market still has legs, as the S&P 500 recently hit new highs after a recent dip. The stock market could keep climbing for at least the near future, with strategists telling Yahoo Finance that mid-cap stocks may be well positioned to beat the S&P 500. This optimism is fueled by expected Fed rate cuts and resilient economic growth, which have sent stocks to all-time highs.
Of the S&P 500's top 10 performers of the month, analysts see seven of the stocks rising from current levels. This positive outlook is reflected in the market as the S&P 500 looks solid, while new highs on the NYSE continue to swamp new lows. It's not just the S&P 500 itself hitting an all-time high, but also a surprising group of big stocks that are doing the same.
On Friday, Sept. 27, 2024, the S&P 500 ticked down 0.1% as investors digested the latest inflation data revealing consumer price pressures. Despite this slight dip, the overall trend remains positive with the index hitting new highs. However, there are warning signs indicating a possible pullback in the S&P 500 in October. Investors are advised to shift from a bullish to a more neutral or bearish stance to navigate potential market fluctuations.