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Stocks Keep Climbing, Avoiding Routine Pullbacks

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The benchmark S&P 500 hasn’t suffered a 5% pullback since October and has advanced 35% since the end of that month

The benchmark S&P 500 hasn’t suffered a 5% pullback since October and has advanced 35% since the end of that month.

The last time the index enjoyed a respite of such length was from June 2016 to early February 2018 when stocks charged steadily higher before the 2016 presidential election and after Donald Trump’s surprise victory. The brief selloff at the beginning of last week suggests there is anxiety percolating in the market, though.could threaten growth and indications that the Federal Reserve could dial back its easy-money policies sooner than expected.

 

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2008 revisited. 'Like prices, inflation talk is going through the roof'. 'US home price growth soars to a new record' S&P. Fed pumping money at record levels, while the Administration pushes the Deficit. & U.S. consumer confidence at 17-month high. Exuberance?

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