SSPY - Bulls 'Rush In' With More Stimulus On The Way

• Last week’s rally took the S&P back to all-time highs, reducing concerns about a more significant decline in the near term. However, with money flows still trending negatively, we may see some recent advance consolidation next week.
• While more stimulus will likely support prices over the next few weeks, the threat of rising inflation and interest rates could undermine growth expectations.
• With valuations still extended, the recent correction didn't reduce speculative fervor. Furthermore, prices remain well-deviated above long-term means, particularly in the small- and mid-cap space.

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