Could Thanksgiving be the pause that refreshes this rally? Despite any clouds on the horizon?
The Standard & Poor’s 500 briefly inched above 2,600 today before ending at 2599.03, up 0.65% on the day and the highest close on record. Traders and investors will have much of the rest of this week off–time they can spend contemplating where they should put their money when they return on Monday, November 27. It’s hard for me to see them concluding to do anything except chase stocks and indexes higher through the end of the year.
