According to the Zhitong Finance and Economics APP, investment bank BTIG stated that the S&amp;P 500 Index may need to &#34;review&#34; before continuing to move to higher levels.
Supported by eight consecutive trading days of gains, the S&amp;P 500 Index was less than 1% away from the historical high of 5264.85 points set in March last week.
Jonathan Krinsky, Chief Market Technician at BTIG, said last Sunday: &#34;The bulls still firmly control the market, almost back to the previous historical high.&#34; &#34;We believe that some short-term consolidation will occur, which will refresh the chart and allow it to attempt to break through 5300 points.&#34;
Regarding individual stocks, BTIG is screening for stocks that are consolidating near or at their 52-week highs, &#34;creating timely entry points,&#34; Krinsky said. Unrated companies include 3M (MMM.US), Avnet (AVT.US), Carrier Global (CARR.US), Squarespace (SQSP.US), Hannon Armstrong (HASI.US), among others. This list of relatively strong companies does not include a broader theme.
The S&amp;P 500 Index closed flat on Monday as investors prepared for the inflation report to be released in the U.S. this week. Previously, data exceeding expectations led to selling in the market in April

Investment bank BTIG believes that the S&P 500 index may need to "review" a bit, but the bulls still control the market, considering companies like 3M, Avnet, and Carrier Global near their 52-week highs to be attractive investments. The S&P 500 index closed flat on Monday, as investors prepare for this week's inflation report in the United States

Bulls dominate the market, BTIG says 3M and other stocks are at an "attractive" entry point