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“Amateurs want to be right. Professionals want to make money.” – Alan Greenspan
Welcome to the beginning of the last week of 2021. It’s been quite a year and while in some ways, it’s ending just as it started, there’s change afoot as we head into 2022. US futures are trading higher this morning and bitcoin is rallying and gaining strength as it trades back above $51,000. The economic calendar is light today with the Dallas Fed Manufacturing report the only release on the calendar. As one might expect given the time of year, there’s not a whole lot of news driving markets this morning.
Read today’s Morning Lineup for a recap of all the major market news and events from around the world, including the latest US and international COVID trends.
While it didn’t quite hit a new record on an intraday basis last week, the S&P 500 did manage to close at a new record high last Thursday making for the 68th record closing high in 2021. While the all-time record of 77 from 1995 is now out of reach, 2021 is guaranteed to rank second in terms of the most record closing highs in a given year.
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