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The S&P 500 gained 1.55% this week with Friday's close at 4,500.53. The index has now increased two weeks in a row after falling each of the prior three weeks to start 2022. January's decline was enough to change the primary trend from up, or "bullish", to neutral. What's next?
The S&P 500 gained 0.85% this week with Friday's close at 4,766.18. Friday's close is a new all-time high weekly close. The index opened the week flying higher on Monday, closing the session at 4,791.19. We then traded to a new all-time high at 4,807.02 on Tuesday, a new all-time high daily close at 4,793.06 on Wednesday (our 70th new all-time high daily close of 2021), and another new all-time high on Thursday at 4,808.93. Clearly, Santa brought all the presents this year!
The S&P 500 declined -1.22% this week with Friday's close at 4,538.43. The index has now declined two weeks in a row and closed Friday -3.40% below our all-time high weekly close at 4,697.96 from just three short week ago. Is the pullback just getting started, or nearing its end? Have a read to find out!
The S&P 500 gained 1.33% this week with Friday's close at 4,605.38. Friday's close is a new all-time high daily, weekly and monthly close for the index. The index has now recorded a new all-time high daily close 59 times thus far in 2021, only 19 away from the record of 77 set back in 1995. So, we're saying there's a chance.
The S&P 500 put the month of September in the books on Thursday, declining -4.76% for the month. September's decline ends the S&P 500's monthly winning streak at 7 months and records our first monthly decline since January of 2021. Will the S&P 500 can dust itself off, pick itself up off the floor, and get back to its winning ways? Click to find out!
The S&P 500 has now increased seven months in a row. Naturally, we know what you're thinking, "This can't continue". But to that we say, "au contraire mon frère"! Long-term investors who stay the course will likely be rewarded over the coming six months.
