The S&P 500 Clocks Another New Record High

(8min)

Summary

  • The S&P 500 achieved a new high to close out the third week of October.
  • After retreating a bit during the week, stock prices rose again on Friday, 18 October 2024 to achieve the index's new record-high close.
  • The S&P 500's trajectory is tracking along in the upper portion of the redzone forecast range.

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It was a big week for Wall Street's bulls.

The S&P 500 (SPX) achieved a new high to close out the third week of October. By the time the market closed on Friday, 18 October 2024, the index sat at

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Ironman is the alias of the blogger at Political Calculations, a site that develops, applies and presents both established and cutting edge theory to the topics of investing, business and economics. We should acknowledge that Ironman is either formerly or currently, and quite possibly, simultaneously employed as some kind of engineer, researcher, analyst, rocket scientist, editor and perhaps as a teacher of some kind or another. The scary thing is that's not even close to being a full list of Ironman's professions and we should potentially acknowledge that Ironman may or may not be one person. We'll leave it to our readers to sort out which Ironman might behind any of the posts that do appear here or comments that appear elsewhere on the web!

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