S&P can reach a new high of all times

The S&P 500 has rallied 1.2% on May 26, topping the 3,000-mark for the first time since Mar 5. The S&P 500 exceeded its 200-day moving average for the first time since early March which is an indication of the start of a long-term bullish trend. Coronavirus vaccine hopes, reopening of economies, some upbeat economic indicators and new pandemic stimulus by the European Union made this possible.