Another New High

Yesterday, the S&P 500 closed just 0.004% below its all-time high close from last Monday. Don’t worry, the market is up again this morning. This could be our ninth up day in the last 11 sessions.

Heico’s (HEI) earnings are due out after the close today. Wall Street is looking for earnings of 55 cents per share.

This morning’s new-home sales report showed an increase of 1% for July. The numbers for June were revised higher as well. The bottom line is that the housing market is still growing but the rate of growth is cooling off. That’s thanks to higher prices and tight inventory.

Posted by on August 24th, 2021 at 11:31 am


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