Stocks Finish January At A New All-Time High
The S&P 500 gained 1.38% this week with Friday's close at 4,958.61. Friday's close is a new all-time high weekly close, the third week in a row to close at the highest weekly closing price in the history of the index. The S&P 500 has now closed higher 13 of the last 14 weeks and has increased 20.43% over that same time span. It's shocking to write and it's the perfect illustration of our favorite quote: The price of the S&P 500 trades beyond the limits of imagination.