Morning Update: This "Hated" Rally Could Send the S&P 500 to 4,300
April 18, 2023 at 10:11 AM EDT
Morning Update: This "Hated" Rally Could Send the S&P 500 to 4,300 Dear Reader, The S&P 500 quickly surged toward 4,200 on Tuesday morning after Bank of America Corp. (BAC) reported better-than-expected earnings. In addition, Johnson & Johnson (JNJ) topped earnings and hiked its forward guidance. This week, leveraged funds had their largest short position against the S&P 500 since August 2022, when markets were pushed into […] The post Morning Update: This "Hated" Rally Could Send the S&P 500 to 4,300 appeared first on Money Morning - We Make Investing Profitable .
