S&P 500 = 3,737

It’s the second-to-last trading day of 2020. We had more vaccine news this morning. The U.K. government authorized the AstraZeneca vaccine.

The S&P 500 is up in record territory. The cyclicals are strong today and small-caps are doing especially well.

The National Association of Realtors reported this morning that pending home sales fell by 2.6% last month. Still, year-over-year contract signings are up 16.4%.

Tomorrow is the final day of trading in a tumultuous year. This year, we had the second, fifth and 13th worst daily percentage loss in the history of the DJIA. We also had the fourth, 11th and 19th best gains. This all happened in a three-week period.

Posted by on December 30th, 2020 at 2:10 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.