Last week: Performance
The S&P 500 broke out to new highs, but it was defensives that led the way across the board. Gold was the best-performing asset class, while utilities, staples, and energy led on a sector basis.
Quick heads up!
I’ll be co-hosting a webinar for the CMT Association on Wednesday at 10:00 am ET. It’s free for everyone, and you can register by clicking here.
Last week: The most important moves
First new high for the S&P 500 since August
And the first day of more 52-week highs in the index than lows in over a month.
All-time highs aren’t bearish. Since 1950, the S&P 500 has recorded 1,538 record closing highs. The number of those that were the last one for at least a year? 15. Or less than 1%.
