S&P 500 Index
Investment Thesis
SPY has demonstrated strong recovery momentum with +4.73% gains over 5 days and successful breakout above $668 resistance, now trading at $683.39. The combination of Fed rate cut optimism, record holiday retail spending ($11.8B Black Friday), and seasonal 'Santa Claus rally' positioning creates favorable conditions for continued upside through year-end and into Q1 2026.
Why It May Work
Why It May Not Work
Timeline
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