Back on track with an extremely focused and decisive week of trading. Keeping with the theme of the last month, markets have defied reality and continued towards all time highs. Again the big names are literally CARRYING the market like Lebron carried the 2006-2007 Cavs to the finals. We all know what happened when they got there… My eyes remain on the pending post election apocalypse, but that’s just my opinion. Also what is going to happen when they finally decide to raise rates with the continent in it’s biggest debt ever? I digress, let’s take a look at what transpired in the market this week!
Nasdaq Composite – Rose 2% to close at all time highs again this week on the back of tech giants like Apple and Tesla. Looks like there is no stopping this juggernaut.. I literally just left that blurb exactly the same and it applies this week too. This is fun!
S&P 500 – Recovery, complete! All time highs, blown through! The world… has seen better days. No matter all is well that seems well! Up an astounding 2.45% on the week. Again basically the same blurb from last week…
Dow Jones IA – Surprisingly this index was largely unchanged last week. Don’t worry though, the committee in charge of choosing DOW stocks wanted to get in on the “all time highs” action and shook up the index. This resulted in a 2.0% boost to the index this week. Maybe it’s reflects reality a bit better now, maybe it doesn’t. Only time will tell what this precarious shake up was really all about!
We can now confidently say this was the fastest bear market over. It’s time to put all of our worries behind us and continue life as though nothing every went wrong! Have a great weekend folks. (Another line from last week).