Party Like It’s 1995

The U.S. stock market has finally done it. After nearly fourteen months, the S&P 500 Index (NYSEARCA:SPY) has come all of the way back to set new all-time highs on both an intraday and closing basis. And it is continuing its winning ways into a second trading day on Tuesday in tacking on healthy gains to its increasingly strong breakout. So how much longer can we expect the party to go from here? If past precedent is any guide, this breakout could run for some time. But some distinct differences exist today versus the last time we saw the stock market stage a similar breakout to the upside.

Please click on the link to read more of my article on Seeking Alpha.

Published by Eric Parnell

Registered Investment Advisor

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