U.S. stocks are nearing historical highs, focusing on Federal Reserve policies and sector rotation

According to Jinshi News, the U.S. stock market is currently at historical highs, with the S&P 500 index just about 1% away from breaking the 7,000-point mark for the first time, likely achieving its eighth consecutive month of gains, setting the longest monthly winning streak since 2017-2018.

Paul Nolte, a senior wealth advisor at Murphy & Sylvest Wealth Management, stated that unless an external event occurs, the path of least resistance for the stock market remains upward. The Federal Reserve's meeting minutes will become the focus of the market next week, with investors highly attentive to when the Fed might further cut interest rates. The S&P 500 index has risen nearly 18% this year, while the Nasdaq has increased by 22%.