Transcript
Well, hello, everybody, welcome to Friday, the S&P 500 was up almost .9% today. And on Fridays, I always try to really focus on positive things get you through the weekend. But it was pretty easy today. This should bring a smile to your face, the S&P 500, the Dow and the NASDAQ indexes all hit closing highs, all-time closing highs today. That’s pretty unusual to have them all happen at one time. And you know, they are account values were at all time high today. Really, really powerful period right now.
So you know, what’s kind of interesting in a lot of questions like, okay, how is this happening, and we’re hitting all time highs, we’ve got this big virus outbreak we’ve got. So it’s kind of like, if you look on the ground right now, and you look at things you say, wow, this is crazy. And then you look at the stock market, and it just hit an all-time high. So there’s a thing called the leading Economic Indicator, it’s a basket of 10 different indicators.
The S&P 500 is one of those. So basically, what it is, is the S&P 500 is predicting, as been seen historically to be a good predictor of what might happen in the future. So if it’s hitting an all-time high right now, what it’s trying to tell you is that things are going to be better in the next six to 18 months. And so you know, where is it going to be better? Well, obviously, there’s a hope for a vaccine, right? That’s coming out, I actually including another link in my email today about a vaccine itself and how that’s going to work. I found it very, very interesting. And if you want to, you can watch that also. But the market is seeing some hope there. One of our big winners today by far was the Small Cap Value piece, well, you know, you’re not going to invest in Small Cap unless you think things are gonna get better, you’re not investing in Value, if you don’t think things are gonna get better. So really, the markets telling you things are going to get better. And then, you know, the other thing is there was a conversation today about the stimulus bill.
I don’t think the stock market needs a stimulus bill to continue to do well, but the economy, pieces of the economy, especially small businesses, airlines, those types of things. And in certain portions of our population, the unemployed, especially, we’re probably really do need a stimulus bill, there needs to be some money out there to you know, distribute these vaccines and all those types of things. So that probably is what drove that market indexes today to all time highs, because it’s like rocket fuel on this market as a whole, it would make the future even brighter. You know, we got to worry about what will happen long term with these stimulus bills, but at least you know, in the shorter term here, it would really probably drive things pretty pretty dramatically. So those are the positive things that happened today. I’m really excited about it. I have great hope. So let’s take a look at what’s going to happen, you know on Monday, and have a great weekend, and I look forward to talking to you then. Thank you very much.