The Gilmo Report

October 30, 2019

October 30, 2019

The S&P 500 Index set all-time highs on Monday and held those highs on Tuesday ahead of today’s Fed announcement. Today the S&P posted an all-time closing high on higher volume.

 

 

The NASDAQ Composite Index traded up today on higher volume, but remains about 34 points, less than ½% below its all-time high of 8339.64. While the action of individual stocks has remained a mixed bag, from an index standpoint the market is for now in a short-term uptrend extending back to the lows of early October.

 

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