The S&P 500 gained nearly 1.4% to close at 4,791.19, marking its 69th record close of the year. The index also hit an intraday record for the first time in more than a month. The Dow Jones Industrial Average added 351.82 points, or roughly 1%, at 36,302.38. The Nasdaq Composite ticked up about 1.4% to 15,871.26.
Market strategists remained positive on the overall equity outlook amid a surge in Covid cases. New studies"We do not expect Omicron to impact the growth outlook in any significant way, but rather it is likely to accelerate the end of the pandemic," JPMorgan's Dubravko Lakos-Bujas said in a note Monday.to close out a year in which the S&P 500 has returned more than 27%.
The benchmark index historically gains during the Santa Claus rally — the final five trading days of the current year and the first two of the new year. The period began Monday. Technology stocks boosted the S&P 500 on Monday. Chip names like AMD and Nvidia were among the average's top gainers, respectively adding 5.6% and 4.4%.
Source: Financial Digest (financialdigest.net)
MichaelBurry Warns Retail Traders About the 'Mother of All Crashes'
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Wall Street Bets S&P 500 Will Say Goodbye to Outsize Stock Gains in 2022The Federal Reserve’s expected interest-rate increases in the year ahead could make stock investors less willing to accept lofty valuations. 🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘🆘 Lol...s&P will 100% crash 2022...only thing up for debate is what % ! 5 to 20% is a good range .. Big, even huge, difference between WS analysts saying stuff and literally betting, which is something they actually do. Based on leverage, options/futures, and general price moment, WS is still just as scared of upside risk as downside risk as of right now.
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