S&P500 has clocked its sixth consecutive month of gains in July 2021. This is the longest stretch since 2018.Furthermore, S&P500 has touched a record high to close at 4,437 on 6 Aug 2021. In the next 3 months, are markets poised for higher highs? Or should we be prudent and take some profit off the table first? Let’s take a look. This post was originally posted here. The writer, Ernest Lim, is a holder of both a CFA® charter and CA Singapore designation. He is an avid investor, trader & remisier. Ernest Lim is also a community member and blogger on InvestingNote, with a username known as @el15 and has 520 followers. Ernest’s personal market observations

1. a) Lack of catalysts to push the market higher

Since Covid last year, markets, especially U.S. markets, have been able to push higher due partly to the combination of ultra-easy monetary policies; expansionary fiscal policies; improvement in the Covid 19 situation leading to the re-opening of economies;...