S&P 500: What Are Current Valuations Telling Us?

[technician]

• The S&P 500 broke below key resistance yesterday

• In the short term, inflation and interest rates will keep driving prices

• That, however, shouldn’t drive your decision-making, as earnings and dividend growth should remain critical factors in the long run

Markets have begun to retrace after rebounding from the June lows. The S&P 500’s 4160 area was a key resistance, overlapping static support with the 200-day Moving Average on the daily timeframe. From the chart below, we can see that yesterday’s breakout occurred at that level.

SnP500_24.08.png

(full story)

[rekibrood]

In the context of S&P 500 valuations, it's important to consider sector diversification, including stocks of metals. These stocks often provide a hedge against inflation and commodity price swings, making them a valuable part of a balanced portfolio. For investors interested in mining, companies like those listed on platforms such as https://lancaster-resources.com/ offer promising opportunities, especially as demand for critical minerals continues to grow globally.