COVID-19 UPDATE: Senate passes revised PPP = improvement. S&P 500 clears 76% retracement, next level all-time highs = "less barbell"

COVID-19 remains a global crisis and we realize that many people need to keep up with COVID-19 developments, particularly since we are moving into the more critical stage ("restart economy"), so feel free to share our commentary to anyone who has interest.The S&P 500 reached new cycle highs today, closing at 3,122.87, the highest close post-COVID-19 and also clearing a key 76% retracement level (3,109.93).  The next real battle line, as shown below, is 3,393.52, or all-time highs.&nbsp...

Finish reading this report for free

Enter your email and we’ll send the paywall-free link directly to your inbox

In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time. For more information, see our privacy policy.

Get unlimited access to Tom Lee’s Fundstrat research Subscribe
Already a member? Log in

More from the author

Disclosures (show)

Events

Trending tickers in our research