Why the S&P 500's path to 7,000 is alive and well, according to trader who nailed summer call for stocks to climb

Core Viewpoint - Recent fluctuations in the S&P 500 near new highs have led to cautious behavior among Wall Street's smart money, indicating a potential path towards 7,000 points according to a trader [1] Group 1 - The S&P 500 is experiencing volatility as it approaches new highs, which is causing uncertainty among investors [1] - The cautious behavior of institutional investors may influence market dynamics and trading strategies moving forward [1] - A trader suggests that this volatility could ultimately facilitate a rise to 7,000 points for the index [1]