π S&P 8,250?
π Daily ETF Overview
Here is our U.S. index table, showing the continued outperformance from Micro Caps $IWC and the Nasdaq 100 $QQQ.
There's still further upside ahead; the S&P 500 $SPY is in between our two major upside targets of 7,000 and 8,250. We could realistically see the S&P 500 hit 8,250 in the coming quarters.
The trend is still higher and we want to err on the direction of strength.
A major story we're paying attention to that could have consequences for further upside is infrastructure expenditure in the United States. We're seeing significant capex from hyperscalers which is pulling money into U.S. markets.
But another infrastructure project also on the horizon is the U.S. government plan to build out a Golden Dome for national defence. This would require trillions of dollars of investment, which could help fuel rotation back into American companies.
This week, the entire Stock Market Media analyst team is covering the scope of this opportunity in a free five-part mini series.