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Nasdaq Rises Above All-time High, Finally - But Now What?

Nasdaq Rises Above All-time High, Finally - But Now What?



Nasdaq Rises Above All-time High, Finally - But Now What?



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The information contained on this site is provided for general informational purposes, as a convenience to the readers. The materials are not a substitute for obtaining professional advice from a qualified person, firm or corporation. Consult the appropriate professional advisor for more complete and current information. Capital Market Laboratories ("The Company") does not engage in rendering any legal or professional services by placing these general informational materials on this website.

Preface

So, it happened -- the S&P 500 index and the Nasdaq Composite on Tuesday hit record territory. 

 

Story

The last time the Nasdaq Composite hit its all time high was all the way back.. oh, wait, it was just about 8 months ago in 2018. As of this moment the SPX is trading at 2,933.63 +25.66 (+0.88%) and the Nasdaq Composite is trading at 8,125.39 +110.12 

 

Then, on 4-20-2019, The Fed's Charles Evans told CNBC that rates could stay unchanged at their current levels until the Fall of 2020, pointing to a more politically oriented monetary policy (read: wait for the election).  Finally, on 4-23-2019 we got news that new home sales surged to 16-month highs. Taken altogether, yeah, the market has reason to rise.  Ultimately, the full earnings season results will be the real driver.

 

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