The S&P 500 Finally Hit 6000. Now the Index Is ‘Into resistance and Overbought.’ - Barron's
1. S&P 500 reached 5999 but failed to surpass 6000, indicating market resistance. 2. Walmart may raise prices due to tariffs, impacting consumer demand negatively. 3. Lower consumer demand could lead to reduced earnings estimates for companies. 4. Market skittishness persists due to economic risks and potential interest rate hikes. 5. S&P 500 is near overbought conditions, suggesting potential pullback.