S&P Breaks Out To Upside, Positive For The Year, Nasdaq Makes Another New All-Time High Close

Plus 5 New Strong Buys for Today [Kevin Matras] Profit from the Pros By Kevin Matras Executive Vice President [Zacks Investment Research] S&P Breaks Out To Upside, Positive For The Year, Nasdaq Makes Another New All-Time High Close Image: Bigstock Stocks were higher yesterday as the S&P broke out to new recovery highs and into positive territory for the year, while the Nasdaq set another new all-time high close! Pretty amazing. These are historic times for the market. And the best part is that it looks like there's a lot more upside to go. The steady stream of impressive economic reports over the last few months showing the economy bouncing bigger and faster than expected has ignited this market. And as the economy continues to reopen, bumps and all, the gains should continue. The upbeat start to earnings season is also giving stocks a boost. So is talk of another coronavirus relief/stimulus bill. This will be the fourth such bill if they can get it done. Washington has been telling us over and over it's likely to come by the end of July (before the August recess). That will further underpin the economy and the market. And that comes on the heels of the nearly $10 trillion in fiscal and monetary stimulus already pumped into the economy. And, of course, there's a great deal of excitement regarding the developments on vaccines. We got positive news from Moderna on their efforts. Same with Pfizer and BioNTech. And same with AstraZeneca as well. Those are the highest profile ones to date. But all in all, there's literally 160 vaccines in development worldwide. The race is on. And once a vaccine is approved and available, the market could soar as that will mark the day the world can truly begin to get back to normal. It's an incredible time for 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 Sponsor [The Gold Boom of the Century Just Started]( Industry insiders predict gold bullion will rally to record highs. Now, every time gold rises, you have a shot at 10X, 20X, even 30X higher returns. All because of a simple strategy that turns minor gold moves into major fast gains. [Here's how to take advantage of it...]( Most Popular Articles from Zacks.com Image: Bigstock [5 Top-Ranked Stocks Poised to Beat on Q2 Earnings This Week]( We have narrowed down our search to five Zacks Rank #1 (Strong Buy) stocks slated to release earrings results this week with a positive Earnings ESP. [Read More »]( Image: Bigstock [Thematic Investing Makes Way Through the Pandemic: 5 Picks]( Thematic investment helps investors diversify their portfolios, incorporating the latest trends and coronavirus-triggered structural shifts. 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