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The US stock markets have just reopened and it has been a very positive start to the session with news records abounding amongst the 3 major indexes. The S+P 500 has not lost out in all this either and just now commenced trading at a new record opening level. The index has also edged past the existing all time high, at 4,975. I said the other week, that the next potential target for the index was at 5,000 and as you can see that level is well and truly in the crosshairs this afternoon. The whole US stock market complex continues to defy gravity as the rush to buy seems to have no limits. Of course this is all being supported by earnings, but at some point the party is going to come to a sticky end. Not yet though it seems
The quite important US JOLTS- job openings data for October has just been released. As noted here much earlier today, the markets were expecting a...
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