Will the S&P Reach 4,170?

(7/21/22) From a bullish standpoint, there seems to be a lot of bullish input: MACD's on a buy signal, and markets are on a defined uptrend. The next level up will be 4170 on the S&P. We've seen this before, but here come the seasonally-weak months of the year. The Fed's tightening policy, and weakening economic data and manufacturing indexes, and a strengthening dollar will all feed into earnings later this year. Any kind of rally at this point is an opportunity to reduce exposure, raise cash, and hedge against risk.
Hosted by RIA Advisors' Chief Investment Strategist, Lance Roberts, CIO
Produced by Brent Clanton
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