iShares Global Consumer Discretionary ETF

184.81

-1.7728-0.95%

Volume:2.16K

Turnover:399.76K

Market Cap:249.49M

PE:36.40

High:185.59

Open:185.59

Low:184.81

Close:186.58

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S&P 500 maintains uptrend as Oppenheimer Asset Management eyes 6,200 target

seekingalpha

·

31 Oct 2024

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More specifically the S&P 500 maintains its uptrend on both the cap-weighted index and equal-weight index. “The key point is that equities are behaving in a manner consistent with what we’d expect to see in an ongoing advance. For S&P levels, the breakpoint at 5,650 is now support and, by our analysis, measures toward 6,200,” Oppenheimer Asset Management stated. While the financial firm hinted at a more bullish outlook, it did go on to say that its sense is that the next bear market is potentially a “H2’25 reset story” within an ongoing secular bull. 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