Friday’s Bull Market Wrap Up

To say we’re in a bull market is an understatement. The Dow Jones and the S&P 500 both finished the week at record numbers. The S&P 500 made history last week when it surpassed 4,000 for the first time in history and it hasn’t looked back since. On Friday, the S&P 500 closed at a record setting 4,128.80 and the Dow Jones closed at a record 33,800.60.

This record setting week is most likely in response to Federal Reserve Chairman Jerome Powell reassuring investors the central bank won’t raise interest rates, President Biden’s infrastructure plan, and excitement about the first-quarter earnings season starting next week. Analysts expect S&P 500 firms to report their highest earnings growth in more than a decade. Recently, there has been worries about treasury bond rates rising but Mr. Powell has been working diligently to reassure the public that there won’t be any major policy shifts while unemployment is high. Mr. Powell reiterated that the Fed was looking for “actual progress” rather than “forecasts” for progress toward employment and inflation goals.

Giant names like Apple, Amazon, and Tesla have been leading the growth in the stock market. Blue-chip stocks like Microsoft (MSFT), Alphabet (GOOGL) and Facebook (FB) each recorded intraday and closing highs on Thursday. While tech stocks have done outstanding, other sectors have not had the same success. Crude oil and gold are both down along with a number of cyclical and value names.

There has been speculation about how long this bull market will last but it isn’t showing any signs of slowing down. With the market flying high, are you jumping on the bandwagon and buying in or are you waiting on the sidelines for a dip? Leave me a comment on what strategy you’re taking and what companies you’re investing in during this bull market.

Photo by Alec Favale on Unsplash

Author: vancealm

Working as a manager within two of the largest retail companies for the past 7 years has given me insight into consumer trends and essentially what people are buying on a normal basis. Why is that useful? Because it gives me a better understanding of the established and growing brands and companies that could potentially work to make YOU money. My name is Vance Alm and I am currently working on earning my MBA from the University of Nevada, Reno. I want to talk, teach, and find out more about investing in the stock market. Recently, there has been a lot of news around the stock market, hedge funds, and normal retail investors which has reignited the nation’s curiosity about investing their money. A lot of people want to be involved with the excitement of potentially making money by investing in the stock market, but they don’t know how or even where to begin. I want to explore the world of investment banking with you and talk about everything involved, from researching different companies to invest in, to the different online platforms or financial service companies you can use and everything in between. I am not a wealthy hedge fund manager and I am not an expert in the field, but I am passionate about the idea of having your money work for you. I am always learning more on the topic and I want to open the conversation on how to start investing and what companies to potentially invest in.

One thought on “Friday’s Bull Market Wrap Up”

  1. My goal has been to boomer invest into lithium mining companies like $LAC and I like buying dips of $SPY. The market should be roaring into the next few years from what I’m reading. Although, I have been trying my hand at buying options of meme stocks. Keeps it interesting.

    Liked by 1 person

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