What Could Possibly Stop the S&P 500 From Making a New Record High This Week?

The S&P 500 is on a tear, having gained over 20% since the start of the year.

But what could stop the index from making a new record high this week?

Here are a few factors to watch:

1. The Federal Reserve

The Fed is expected to raise interest rates again this week. This could lead to higher borrowing costs for businesses and consumers, which could slow economic growth.

2. The war in Ukraine

The war in Ukraine is continuing to weigh on the global economy. The conflict is causing energy prices to rise, which could lead to inflation and slower growth.

3. COVID-19

The COVID-19 pandemic is not over. New variants of the virus continue to emerge, which could lead to new waves of infections and lockdowns.

4. The midterm elections

The midterm elections are coming up in November. Political uncertainty could lead to volatility in the stock market.

5. The global economy

The global economy is slowing down. This could lead to lower demand for U.S. goods and services, which could hurt corporate profits.

Conclusion:

The S&P 500 is on a roll, but there are a number of factors that could stop it from making a new record high this week. Investors should be aware of these risks and adjust their portfolios accordingly.