Truist Foresees S&P 500 Breakout Amid Renewed Risk Appetite
Markets have reignited their bullish momentum after a brief pause triggered by political uncertainty. The S&P 500 now hovers just 3% below its all-time high as investors return to risk-on positioning. Truist's Keith Lerner interprets the seven-month consolidation as a springboard for further gains: "We're testing technical levels that will likely break upward, despite near-term volatility."
The firm's analysts highlight two unnamed equities poised to capitalize on this resurgence. Their Optimism mirrors broader institutional confidence in sustained market strength, particularly in technology and AI-driven sectors that led February's record rally.