Bloomberg analysts: S&P 500 is expected to achieve its fourth consecutive month of gains

according to Bloomberg analyst Walter Bloomberg, the S&P 500 index is expected to achieve a fourth consecutive month of gains.

🔸 As of Thursday, all three major stock indexes have seen gains of over 2.5% this month, with August trading set to close on Friday.

🔸 The S&P 500 index and the Dow Jones Industrial Average (referred to as "Dow") are moving towards a "fourth consecutive month of gains" (the longest winning streak since September 2024).

🔸 The Nasdaq Composite Index (referred to as "Nasdaq") is about to achieve a fifth consecutive month of gains, the best streak in nearly 18 months.

🔸 Despite facing multiple obstacles, the market continues to rise: the weak performance of the non-farm payrolls report released on August 1st, Trump's policy of raising tariffs, and his dismissal of Federal Reserve Board member Lisa Cook.

🔸 The market's strength is driven by three factors: strong corporate earnings, optimism in the field of artificial intelligence (AI), and lower trading volumes (note: the market's resilience to light trading volumes highlights the strength of buying interest).

🔸 On Thursday, both the Dow and the S&P 500 index reached new all-time highs, with the S&P 500 index closing at a new high for the 20th time this year.