The new year on Wall Street kicked off with a bang. The S&P 500 yesterday jumped 1.6%, with all 10 sectors in the venerable index gaining ground as well. The S&P 500, as a result, is again within shouting distance of the highs set last month, which were the loftiest since 2001.
Hope, in short, is alive and well thus far in 2006. But for all the initial celebration, debate about what comes next rages like never before, and with the stakes arguably higher this year than last it’s getting harder for investors to take a wait-and-see attitude.
…..THE BAROMETER OF HOPE
Source: Stockcharts.com