Dow and S&P Make New Highs, Growth/FAANG Retreat Fri.

The S&P 500 closed last Friday at 3,841.94 and closed at new high of 3,943.23 this afternoon. This is a gain of 2.5% from last Friday, but it’s significantly higher than the bottom experienced in the wake of the mini-tantrum associated with Fed Chairman Powell’s comments last week. Encouragingly, vaccine progress has been increasing and President Biden suggested a return to normalcy by the 4th of July is possible. Re-opening is the word of the day. Epicenter stocks and sectors did more ...

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