News about Dow

MORGAN STANLEY: “.. it doesn't matter what we think but what the market thinks and it's clear that last week's data has given the markets more confidence in the ‘soft landing"/"Goldilocks’ outcome.” [Wilson] Ups 12-month $SPX target to 5400 pic.twitter.com/OLdXA8aPd0

Utilities outperformed today and sector remains in third place YTD (also has a healthy gain of 8.8% MTD) … small caps couldn’t keep up with large caps but are still doing alright MTD (with Russell 2000 Growth outpacing Russell 2000 Value slightly) pic.twitter.com/Wg0oWtQjzc

Large speculators/hedge funds back into net short territory for S&P 500 futures positioning pic.twitter.com/KypxkohIux

The S&P 500 ended the day at a new all-time high, its 24th of the year. Over the last 12 years, the S&P 500 has hit 371 all-time highs, which is more than any 12-year period in history. $SPX bilello.blog/newsletter pic.twitter.com/Acy3AJjD6n