This week's pause aside, the market surge over the last five weeks has enabled the Dow and the S&P to shoot back to near breakeven for 2016. The Dow, in fact, is now slightly positive on the year.
It's a different story for small caps and the NASDAQ however as those indexes remain down more than 4% so far for the year. Granted, they also had fallen the most (15%) from Jan. 1 through the February lows.
Chris also notes that the FTSE All World Stock Index has gone exactly nowhere in the last two years.
Steve Deppe of Nerad & Deppe Wealth Management had a fantastic piece on the S&P 500 and the "squeeze" that's underway with its Bollinger Bands. In the past, this has been a sign of a big move being in the offing.
Mohamed El-Erian has some helpful commentary on the current wide and volatile trading range.
And we took a look at what it has meant when the NASDAQ has been up 5 days in a row. A streak it notched this week. We also addressed what's happened after the S&P has recorded 5 straight weeks of gains.
We hope you had a great holiday weekend and we'll see you this week.