{"id":611,"date":"2018-07-25T18:15:32","date_gmt":"2018-07-25T18:15:32","guid":{"rendered":"https:\/\/advisor.wellington-altus.ca\/stuchberry1\/?p=611"},"modified":"2020-05-11T16:03:14","modified_gmt":"2020-05-11T16:03:14","slug":"nasdaq-pulling-sp-500-to-its-highs","status":"publish","type":"post","link":"https:\/\/advisor.wellington-altus.ca\/stuchberrygroup\/blog\/2018\/07\/25\/nasdaq-pulling-sp-500-to-its-highs\/","title":{"rendered":"Nasdaq pulling S&#038;P 500 to its highs"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"611\" class=\"elementor elementor-611\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a37fc5b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a37fc5b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ab2df95\" data-id=\"ab2df95\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fed3d45 elementor-widget elementor-widget-text-editor\" data-id=\"fed3d45\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>We hope Everyone is enjoying their summer, and we\u2019re hoping it gets a lot better.<\/p><p>As we said back in June, the Nasdaq, the leading market broke out to new highs \u00a0little over a month ago.<\/p><p>Looking below- the Nasdaq broke out, to the take a breather and consolidate at old highs, this is incredibly positive market action.<\/p><p>During this technical move we are seeing companies like bank of America make 7bl in net profit and google with fabulous results today pushing the stock to new highs.<\/p><p><img fetchpriority=\"high\" decoding=\"async\" class=\"size-full wp-image-1135 aligncenter\" src=\"https:\/\/advisor.wellington-altus.ca\/thestuchberrygroup\/wp-content\/uploads\/sites\/8\/2018\/07\/blog1.gif\" alt=\"\" width=\"736\" height=\"530\" \/><\/p><p>Source: Bloomberg<\/p><p>Currently the S&amp;P 500 the broad market continues to plug away higher and looks like it will join the Nasdaq on a move to new records.\u00a0 The S&amp;P 500 has less than a 2% move higher to reach its all time highs- we think it will reach these levels shortly.<\/p><p><img decoding=\"async\" class=\"size-full wp-image-1136 aligncenter\" src=\"https:\/\/advisor.wellington-altus.ca\/thestuchberrygroup\/wp-content\/uploads\/sites\/8\/2018\/07\/blog2.gif\" alt=\"\" width=\"736\" height=\"530\" \/><\/p><p>Source: Bloomberg<\/p><p>If we break through this old high, we think there is a good chance we are going to have another move to all time highs in markets, given this secular bull market is not over, and we don\u2019t know when the moves will occur, this is very positive market action.\u00a0 It\u2019s been 6 months since the market has moved through record highs.<\/p><p>We are only in the early innings of this quarterly earnings season and it so far things are looking quite good.<\/p><p>Enjoy your summer, things are looking very good here, and we\u2019re available to chat if you have any questions.<\/p><p>Chris<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>We hope Everyone is enjoying their summer, and we\u2019re hoping it gets a lot better. As we said back in June, the Nasdaq, the leading market broke out to new highs \u00a0little over a month ago. Looking below- the Nasdaq broke out, to the take a breather and consolidate at old highs, this is incredibly [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":612,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_oasis_is_in_workflow":0,"_oasis_original":0,"_oasis_task_priority":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[],"class_list":["post-611","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-update"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nasdaq pulling S&amp;P 500 to its highs - The Stuchberry Group<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/advisor.wellington-altus.ca\/stuchberrygroup\/blog\/2018\/07\/25\/nasdaq-pulling-sp-500-to-its-highs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nasdaq pulling S&amp;P 500 to its highs - The Stuchberry Group\" \/>\n<meta property=\"og:description\" content=\"We hope Everyone is enjoying their summer, and we\u2019re hoping it gets a lot better. 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