The S&P 500 Crosses 1,970

The stock market is up today, and the S&P 500 broke above 1,970 for the first time since last Wednesday. The VIX is below 23, and I think it’s poised to fall even low. On our Buy List, Fiserv (FISV), Hormel (HRL) and CR Bard (BCR) are within 5% of their 52-week highs.

This morning, we learned that retail sales rose by just 0.2% last month. With gasoline, retail sales were up 0.4%. Sales for July were revised higher.

Industrial production fell 0.4% last month. We’re just 1.8% above the peak before the recession.

Posted by on September 15th, 2015 at 1:11 pm


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