Tag Archives: S&P 500
Where does it stop? Stock prices got back on the winning track this holiday-shortened week, with the blue chip S&P 500 closing today’s session at another all-time high. We’re delighted with the market’s resilience, but one indicator has us leaning cautious for the near term.
Tenacious! We’ve seldom seen a stock market that could hold on like this, for as long as it has, without a meaningful pullback. Looking out to the second half of this year, and into 2007 and 2008, we’d have to say that the market’s tenacity is a very bullish omen.