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S&P 500 reached an All-time high weekly close!
Record highs around the corner? "Close" doesn't even come close to describing it. The S&P 500 rose as high as 2,131.71 on Friday (8th July 2016), its highest level in nearly a year, as it surged 1.5 percent...
DAILY updated/weekly updated S&P500-candlestick-chart, source: bigcharts.com
...following a better-than-expected jobs report. But despite the rally, the index narrowly failed to rise above its intraday all-time high of 2,134.48 made last May (2015). It was even closer on a closing basis. The S&P finished Friday trading at 2,129.90, which is less than a point from its record closing high of 2,130.82!
Of course, calling for new highs has now become the opposite of a bold call. The S&P 500 will close at a record high on Monday (11th July 2016) if it manages to rise a mere 0.4 percent.
"my two bits" (Ralph Gollner, 9th July 2016):
text-source/bits taken from: http://www.cnbc.com/2016/07/08/
