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S&P 500 To Rally Further Next 2 Weeks? Wealth Manager Points To 'Bullish Seasonality' But Warns Downside Volatility Could Follow After Tech Earnings Season

Benzinga ·  02:14

The stock market has got off to a terrific start in the second half, with the S&P 500 closing above the 5,500 mark for the first time ever on Tuesday. Against this backdrop, a wealth manager weighed in on what's in store for the remainder of the year.

Risk/Reward Unattractive:The next two weeks have strong bullish seasonality, said Lumida Wealth co-founderRam Ahluwaliain a post onX, formerlyTwitter. The wealth manager pointed to a BofA Securities sell-side indicator that is contrarian in nature, which is extremely bullish when the sell-side is bearish and...

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