The S&P 500 Breaks 4,800

Yesterday, the S&P 500 reached its 69th new high of the year. It’s still running. The index broke above 4,800 this morning. So far, AFLAC (AFL), Broadridge (BR), Cerner (CERN), Middleby (MIDD), Thermo Fisher (TMO) and Zoetis (ZTS) are at new highs. Seven of our Buy List stocks are up over 40% this year.

This morning’s Case-Shiller Index said that home prices are up 19.1% over the past year. Bill McBride points out that housing inventory is down 60% from the same time in 2019.

Despite being the end of the year, there’s not much news this week. Next week will be more interesting with the jobs report on Friday.

Posted by on December 28th, 2021 at 10:22 am


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.