NYSE Trader: S&P 500 May Retest January Highs This Summer

The S&P 500 is inching closer to its January 2018 high of 2,873 and may circle back to that level this summer.

That’s the assessment from¬†Matthew Cheslock, an equity trader with Virtu Financial, based on the floor of the New York Stock Exchange, provided the market sees a new leadership, such as financials, as opposed to solely technology.

The S&P 500 is currently at 2,820 or roughly 1.9% below 2,873.

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