Happy Monday. Despite a tepid start to the day, large cap indexes such as the S&P 500 and Nasdaq turned around their start to the week, notching new intraday highs. By contrast, small caps in the Russell 2000 started the day on strong footing, before spending the day mostly flat amid ongoing frustrations with the Iran War.
The S&P 500 and Nasdaq might be fresh off record closes, but an overwhelming crowd of pundits argue that it's only a matter of time until the unprecedented rally crumbles. There is one way that it can stand up, though: TheStreet's Tobi Opeyemi Amure shares why this week is so consequential for the market.
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