These ‘milestones’ are blocking a rise in the S&P 500, warns BlackRock
It’s a multi-layered thing, says our call of the day, from BlackRock’s chief equity strategist Kate Moore. In order for the stock market to keep attracting more buyers and build on gains seen since the start of the year, investors will need to work past several big “milestones” over the next six to eight weeks, she told MarketWatch in an interview on Monday.
And China is holding lots of keys when it comes to further gains for Wall Street. It’s not just the trade story that matters—Moore says the market will be happy with a steady stream of tweets and announcements that indicate negotiations aren’t going pear-shaped. Read: Why stocks can continue to rally in short term after investors suffered ‘parable of the boiling frog’
The chart Big tech companies have come a long way in over 20 years, which you’ll see in our chart of the day. The chart from u/TheNerdistRedditor shows market cap of dominant companies over the years.Fast forward to 2019 and the company roster has mostly changed up a lot: After proving it can sell recreational pot in Canada, Tilray TLRY, +0.15% plans to broaden out its market.Netflix NFLX, +0.11% CEO Reed Hastings says his company won’t be integrating into Apple’s new streaming service.
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