Saturday, August 20, 2016

S&P 500 Weekly Update: The Rally Continues With Fresh Record Highs In A Resilient Uptrend - SPDR S&P 500 Trust ETF (NYSEARCA:SPY) | Seeking Alpha

S&P 500 Weekly Update: The Rally Continues With Fresh Record Highs In A Resilient Uptrend - SPDR S&P 500 Trust ETF (NYSEARCA:SPY) | Seeking Alpha



This is a very good article about why the stock market will continue to rise.  Earnings are expected to rebound more than 13% in 2017 after declining the last several quarters.  However, since earnings season is over for this quarter, the market will probably gradually backtrack until the next earnings season.  Stock market leaders like AMZN, BABA, FB, and GOOG will be worthwhile for buying on pullbacks.  Just as they advanced during this past earnings season, they will be even higher after the next round of earnings.

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