Stocks reclaimed their old highs and should continue to make new ones, but without some of the fanfare and excitement of some past rallies.
div > div.group > p:first-child"> Stocks have reclaimed their old highs and should continue to make new ones, but without some of the fanfare and excitement of some past rallies.
T3Live.com's Scott Redler said investors continue to doubt the market, even as some indexes hit highs. Beyond that, the market will also soon be tested by the Fed, which meets May 1. Redler said stocks have been moving higher since the Fed"pivot," when officials started to signal that more interest rate hikes were unlikely. Some market pros believe the Fed will even cut interest rates before it ever raises them again.
Once the market takes back 2,940, Redler said the next level on the S&P will be the psychological 3,000, the year end target of many market strategists.
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