Navigating the S&P 500: Key Levels, Bargains, and Current Views

Money manager Grindstone Intelligence suggests that the S&P 500 and Nasdaq Composite need to surpass key resistance levels of 4,200 and 12,220, respectively, to signal a new bull market. Technical analysis is crucial as most stocks have lagged behind index returns this year. Grindstone Intelligence remains neutral on stocks until these levels are reached, but warns of weak breadth and advises selective buying. JPMorgan strategist Marko Kolanovic has also warned of a reversal in risk sentiment and the market retesting last year’s low over the coming months.