We're flying higher this morning . Not for any particular reason other than it's the end of the month and the post-holiday volume is very low and it's easy to manipulate the market so why not set a new high to close month of May? The Dow is almost at 35,000, S&P 4,225, Nasdaq 13,750 and Russell 2,300 and both the Russell and the Nasdaq are 50-points off their Spring highs still but it's a very impressive finish nonetheless . It's a short week and we have very little data, mostly PMI and ISM numbers with 9 Fed speakers plus Powell on Friday morning. We do have a look at the Beige Book tomorrow at 2pm but it's even going to be a slow earnings week – with very few major reports and nothing that's likely to move the market – one way or another: IN PROGRESS
We're flying higher this morning.
Not for any particular reason other than it's the end of the month and the post-holiday volume is very low and it's easy to manipulate the market so why not set a new high to close month of May? The Dow is almost at 35,000, S&P 4,225, Nasdaq 13,750 and Russell 2,300 and both the Russell and the Nasdaq are 50-points off their Spring highs still but it's a very impressive finish nonetheless.
It's a short week and we have very little data, mostly PMI and ISM numbers with 9 Fed speakers plus Powell on Friday morning. We do have a look at the Beige Book tomorrow at 2pm but it's even going to be a slow earnings week – with very few major reports and nothing that's likely to move the market – one way or another:
IN PROGRESS
