“The stock market is closing in on its all-time high. Here’s what could clinch it”
June 11, 2019
“Stocks have rallied on expectations that the Fed should be cutting interest rates in the near future, and that President Donald Trump would stand down from his threat to put tariffs on Mexico, as he did on Friday. The Dow Jones Industrial Average and S&P 500 are both up more about 5% in June. The Dow is up for six-straight days and futures pointed to another big gain Tuesday.
“I think it goes back to its highs. This would be a pretty quick recovery from a pullback. Normally, it takes about a month and a half to get back to breakeven. This could happen in less than half a month,” said Sam Stovall, chief investment strategist at CFRA…”