So I think everyone knows the stock market is designed to go up over time. That’s a given. But what has warranted the run on spy over the past 8 days? Spy was $500 in May 1. I haven’t seen any fed members mention anything about cutting rates. I don’t think big tech earnings were particularly excellent. So what’s the deal?
I’m like to have reasons behind things. If someone could shed some light on why spy is seemingly going straight up I’d really appreciate it. Not looking for slapstick answers like “more buyers than sellers” because while that may be true, what exactly is the reason people are wanting to push to all time high right now?
Another question is what do you think cpi/ppi next week will do to the market? Bring it back a bit or push it further?
