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S&P 500 Closes At ATH, ‘Everything Rally’ Appears To Begin

Key Takeaways

- S&P 500 closed at the 52nd all-time of 2021 at 4,509.37, up from 4,441.67 last Friday. This was a weekly gain of about one and a half percent. Nasdaq also closed at ATH.

-Jay Powell’s speech at the Jackson Hole Symposium was decidedly dovish, and he focused on defending the transitory inflation narrative. The Fed doesn’t appear in a rush to taper, although it will likely still do so by the end of the year.

- Energy led the gains for the week and also on Friday as concerns th...

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