Stocks Soar, S&P Makes Another New All-Time High And Close

Plus 5 New Strong Buys for Today ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ 

Stocks Soar, S&P Makes Another New All-Time High And Close

	Profit from the Pros By Kevin Matras Executive Vice President
	Stocks Soar, S&P Makes Another New All-Time High And Close Image: Shutterstock Stocks soared yesterday with the S&P hitting another new all-time high and close. The economy continues to impress. That was underscored with holiday sales rising 8.5%, which was the fastest pace in 17 years. And that comes in spite of rising Omicron case counts and supply chain disruptions. Then again, we all knew that the economy was expected to accelerate into the end of the year. And that's exactly what we're seeing. After Q3's GDP came in at 2.3%, the Federal Reserve Bank of Atlanta put Q4's estimate at 7.2%. And that should continue fueling the record rally in the stock market. And with December typically being a strong month for stocks, it looks like there's still more upside to go before the year comes to a close. But next year looks like we could see a continuation of the same. Because the fundamentals of the economy remain strong. In fact, in the Fed's own words, the economy remains "really strong," "consumer demand is very strong," and "incomes are very strong." Sounds pretty strong to me. And that's why it looks like there's a lot more upside to go, not just for this year, but for next year as well. 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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