Dow Makes New All-Time High, Extends Winning Streak To Day 6 Image: Bigstock Stocks finished mixed yesterday, but both the Dow and the S&P made new record high closes. That also means the Dow has extended their winning streak to 6 days in row. The economic expansion continues. And stocks are responding accordingly. There's now just 2 trading days left in 2021. The MTD tally now stands at 5.81% for the Dow, 4.95% for the S&P, and 1.47% for the Nasdaq. YTD, those returns come in at 19.2% for the Dow, 27.6% for the S&P, and 22.3% for the Nasdaq. On deck for today, report-wise, we've got Weekly Jobless Claims, and the Chicago PMI. A little bit of good news today could see the Santa Claus rally continue. Either way, it's been a pretty spectacular year so far. Hopefully you took full advantage of it, and cleaned up this year. Interestingly, given all of the volatility, the best strategy this year just might have been buy and hold. Even when the market pulled back, if you had the right stocks with the strongest fundamentals, you would have been just fine. Not only did they hold up the best on the way down, but they skyrocketed on the way up. And you barely would've had to lift a finger. But buy and hold investing doesn't mean just buying anything and hoping for the best. Too many long-term investors see their hopes dashed when their once promising investment turns sour and they scramble to cut losses. But closer inspection usually shows those mistakes could've been avoided with a little extra knowledge at the outset. Finding long-term core holdings that you can buy and hold and effortlessly cash-in when the time comes is an investor's dream. If you want to live that dream right, be sure to read our latest commentary... Avoiding the 3 Pitfalls of 'Buy & Hold' Investing Best, Kevin Matras Executive Vice President, Zacks Investment Research |
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