S&P And Nasdaq Hit New All-Time Highs

Plus 5 New Strong Buys for Today S&P And Nasdaq Hit New All-Time Highs [Kevin Matras - EVP - Photo] Profit from the Pros By Kevin Matras Executive Vice President S&P And Nasdaq Hit New All-Time Highs [S&P And Nasdaq Hit New All-Time Highs]Image: Bigstock Stocks closed mixed yesterday with the Dow and the small-cap Russell 2000 in the red, while the S&P and Nasdaq were in the green and making new all-time highs in the process. All of the major indexes put in stellar performances last week. And they are all trading at or near their all-time highs. The market continues to be driven by the improving economy as more and more of our country opens back up and life gets back to something closer to normal. And it's easy to see why. With personal savings rates over the last year in record territory, the consumer is in one of the strongest positions in decades. The banking system has been a source of strength, even during the worst of the pandemic, and they've only gotten stronger since. And corporate profits are at record highs, while estimates are on the rise. That's why the Fed just raised full-year GDP from 6.5% to 7.0%, which would make it the fastest growth rate in 37 years. Quite frankly, I wouldn't be surprised if that gets ratcheted up even further in the coming months. In fact, it's looking more and more like the beginning of a multiyear boom ahead. We'll get another look at the economy today with the Redbook retail sales report, the Case-Shiller Home Price Index, and the Consumer Confidence Index. Although, the report everybody is really waiting for is Friday's Employment Situation report. But there's a lot more week to go before then, including the unofficial start to earnings season. And since stocks typically go up during earnings season, that bodes well for the market. See you tomorrow, [Kevin Matras - Signature] Kevin Matras Executive Vice President, Zacks Investment Research Sponsor [NEW: Top 6 Stocks to Buy Now]( He found Apple at $1.49... 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