On Monday, the United States was back to work and the S&P 500 rose 1.4% to a new high just a hair short of reaching 4,800. Compare that to the 666 it touched at the low point in 2009! The S&P 500 is up 28% this year.
It’s crazy really. So far so good, but it really can’t continue to rise like that. Is the market “whistling past the graveyard?” Time will tell.
Notable gainers today included Costco up another 2.4% and Apple up 2.3%.
It’s probably well to enjoy the ride but to also have some investments in cash or near-cash.
I did buy some Toll Brothers today as mentioned yesterday.