S&P 500 Nears 5,000 Milestone; Fed Meeting Looms As Investors Eye Rate Cuts, Jobs Data
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The S&P 500 (SPY) index is likely to hit 5,000 soon before facing resistance. The question is what happens afterwards.
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The Fed meets on Wednesday and may give clues about potential rate cuts, which could spark more gains. But rate cuts may come later than investors expect.
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Key upcoming economic reports like ISM Manufacturing, jobs data, and inflation readings could impact Fed policy and market direction.
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The long-term market trajectory looks bullish, so review positions at 5,000, take profits on inflated stocks, and target small/mid cap growth stocks.
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Reity shares his top 13 stock picks taking advantage of current conditions, including 5 small caps and 1 ETF with upside potential.