Friends
The bulls were back in attack mode again today as stock prices moved to new all-time highs once again. As we have talked about, it is difficult to develop a bear case for stocks at the moment (of course, that’s usually when something comes out of the blue to change the narrative). Maybe stocks are just too extended as we enter earnings season, which could dampen share price reactions to earnings releases in the coming weeks. But for now, the bulls are firmly entrenched on the high ground.
As for today, by the close the Dow Jones Industrial Average was up 409 points to finish the day at 42,863. The S&P 500 was up 34 points to close at 5,815. The Nasdaq Composite Index was up 60 points to close at 18,342. Gold was up $33 to trade at $2,672 per ounce, while oil was down $.27 to trade at $75.58 per barrel WTI.
Earnings season kicks into gear over the coming weeks and we’ll be here to let you know how it all unfolds. In the meantime,…
Have a great weekend everyone.
