Stocks Up For The Week, Within Striking Distance Of All-Time Highs  Image: Bigstock Stocks were up on Friday, and for the week. And all of the major indexes are within striking distance of their all-time highs. Optimism over the reopening of our economy, the strong economic rebound we are already seeing, and the acceleration that's expected to come, continues to support stocks. In other news, the Chicago Purchasing Managers' Index came in better than expected at 75.2 vs. last month's 72.1 and views for 70.0. It was a fantastic reading, and marked the highest level in 47 years! And Consumer Sentiment ticked up to 82.9 from last month's 82.8. This week, we should hear more about the infrastructure package and its price tag. Whether it's $2.25 trillion, $1.7 trillion, or 'just' $1 trillion, remains to be seen. But whatever it turns out to be, it's still an enormous amount of money that will bolster the economy even more. We should also hear more about the increase in taxes to go along with it. In the meantime, the economy continues to impress. And with many believing we're at the beginning of a multiyear boom, it looks like there's a lot more upside to go for both the economy and the market. So make sure you're taking full advantage of it. See you tomorrow,  Kevin Matras
Executive Vice President, Zacks Investment Research | 
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