S&P 500 Trading Higher
The last month or so has seen the S&P grind slowly higher amidst incredibly low volatility. The VIX touched a four year low earlier this week as it closed below 15, and all the while the S&P is only trading in one direction – upwards. A recent forecast had the S&P reaching 1700 by year end, which would certainly put it at the top of the range of estimates, so I thought it’d be worthwhile to take a look at how the S&P could possibly take out such a high level in just 9 months.