Another All-Time High for the S&P 500

The Dow had its best June in 81 years, and the S&P 500 had its best June in decades. The market had its best first half in over 20 years.

Everything seems to be going right for stocks. The market was up again today. Our Buy List is now up over 20% for the year.

This morning, the ISM report came in a bit weak. It was just 51.7. This was the lowest ISM since October 2016. I should add that the economy has had a period of doing just fine with low ISMs.

With the July 4 holiday, trading will be shortened this week. The exchanges close early on Wednesday and they’re closed all day on Thursday. After that, we’ll get the big June jobs report on Friday.

The market opened much higher this morning, but we slowly lost ground all day. It was still a good day but most of the hard work happened before the bell. We had news highs today from AFLAC, Cerner, Danaher, Fiserv and Stryker. Torchmark came within a penny of a new high.

Posted by on July 1st, 2019 at 5:53 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.