S&P 500 Sets Record Highs; NASDAQ Closes in on Highs

Slow and steady is this market’s mantra as the S&P 500 hits a new all-time record high in light turnover.  Volume still does not matter and we have seen this market make new highs without much volume.  Volume on the NASDAQ was higher thanks to MSFT and AAPL. ...

ADP Surges as the market trades in a tight range

First apologies for no commentary last night and an abbreviated one tonight. The bond market sold off today while stocks traded in their narrowest range year-to-date.  Today’s session rings a bell:  “Never short a dull market.”  The lack of volatility is not overly...