WMT - Why The S&P 500 Could Break New Ground By October While Other Sectors Stumble | Benzinga
The S&P 500 (NYSE:SPY) may be down nearly 3% since the start of August, but come October and November, the broad market index is going to break out to new highs, setting up the market for a strong start to 2024, according to Ryan Detrick.
What Happened: Detrick, chief market strategist at the Carson Group, told Benzinga's PreMarket Prep hosts Dennis Dick, Joel Elconin and Mitch Hoch on Tuesday that he believes the market had not yet seen its peak for the year.
Fundamentals Still Strong: “The F-word is okay, and that’s fundamentals,” Detrick quipped, noting that some sectors — especially traditional retail — face a tough season, while others such as Walmart Inc ...