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S&P 500 breakout puts 8,000 in sight

Fresh record highs, supportive seasonality and earnings season just ahead leave the S&P 500 bulls with plenty in their favour, even as narrowing breadth argues against getting too carried away.

David Scutt
David Scutt

S&P 500 outlook: Oil and bond yields rebound

Investor sentiment was marginally firmer early on Thursday, although optimism quickly faded as crude prices turned positive again on reports that Iran’s supreme leader has issued a directive that its uranium must stay in Iran. Whether that is a dealbreaker remains to be seen, but oil did pop higher by $4 on the news, while European markets and US index futures slipped back into the red.

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