The S&P 500 ETF (SPY) has recently hit a new all-time high, indicating that the market trend is likely to continue moving upwards. In a video released discussing this new high, analysts suggest that the right side of the market remains higher, meaning that there is still potential for further growth.
The SPY is an exchange-traded fund that tracks the performance of the S&P 500 index, which includes the 500 largest publicly traded companies in the United States. As the index continues to reach new highs, investors are optimistic about the future performance of the market.
In the video, analysts point to various factors that are contributing to the bullish market sentiment, such as strong corporate earnings, low interest rates, and a recovering economy. These factors suggest that the market is in a healthy position to continue its upward trajectory.
Overall, the new all-time high for the SPY is a positive sign for investors, indicating that the right side of the market remains higher. With favorable market conditions and optimistic outlooks, it seems likely that the SPY will continue to see growth in the near future.