S&P 500 Snapshot: Fourth Consecutive Interim High

From dshort.com - Advisor Perspectives
January 18, 2013 - 5:15pm

Jan 18, 2013 Doug Short  The S&P 500 showed minimal concern about today's poor Philly Fed Business Outlook Survey, and it certainly wasn't terribly disturbed by the setback in Consumer Sentiment. The morning selloff hit an intraday low, off 0.35%, just before lunch. The index then rallied to a two-hour game of tag with the opening price. But the final hour of trading took the 500 to a close at its high, up 0.35% for the day and 0.95% for the week. It's the fourth consecutive interim high since the market trough in 2009.More...


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