Optimism-fueled increases in consumer and technology stocks led the S&P 500 to yet another new record high today. “As we head into April and new highs potentially on the horizon, it is looking like the bulls once again are taking control,” Ryan Detrick, senior technical strategist at Schaeffer’s Investment Research in Cincinnati, wrote. “March was a tale of two markets, as the S&P 500 held up well, but areas like tech and small caps were hit very hard. After a very rough March, those areas are seeing well-deserved, oversold bounces.”
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