S&P 500 Hits New Highs, But Is the Rally Running Out of Steam?
The S&P 500 closed last week at record highs, capping a stunning 27.68% gain for the year. Yet, beneath the surface, cracks are starting to form. Market breadth is narrowing, some sectors are struggling, and key technical indicators are flashing caution. With big tech leading the charge and risks mounting in bonds and Bitcoin, investors ask: Is this the calm before the storm? Let’s see what’s fueling this rally—and why it might not last after the new year.