Closing Out 2020 With The S&P 500
The S&P 500 (SPX) managed to close 2020 at a new record high of 3,756.07, the 33rd record set by the index during the year that was!
2021 begins with investors continuing to focus on the second quarter of the new year, as indicated by the alternative futures spaghetti chart, where we're updating to complete 2020-Q4 for the last time!
Next week, we'll roll the calendar forward show the dividend futures model's projections for 2021-Q1.
Not much unexpected happened during the final two trading weeks of 2020, where what little happened to affect the U.S. stock market is largely summarized by the following headlines.
Monday, 21 December 2020
- Signs and portents for the U.S. economy:
- S&P 500 ends lower as COVID worries lightened by stimulus
Tuesday, 22 December 2020
- Signs and portents for the U.S. economy:
- S&P 500 ends lower as new COVID storm clouds overshadow stimulus passage
Wednesday, 23 December 2020
- Signs and portents for the U.S. economy:
- U.S. Treasury-led report calls for overhaul of money market funds
- Wall Street gains on recovery bets
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