S&P 500 (Finally) Spikes To New Intraday Record High
Tyler Durden
Tue, 08/18/2020 – 09:44
Six days ago, The S&P 500 pushed above its previous record closing high (3386.15 on 2/19/20) for the first time.
And after a week of trying and failing, this morning has seen stocks spike up and finally take out the all-time record intraday high (3393.52 on 2/19/20) – erasing all impact of the pandemic and global depression…
…because fun-durr-mentals…
Just Kidding – here’s why!
Hold your nose and buy the record high? Or is the bounce over?
Mission Accomplished?
Zero Hedge’s mission is to widen the scope of financial, economic and political information available to the professional investing public, to skeptically examine and, where necessary, attack the flaccid institution that financial journalism has become, to liberate oppressed knowledge, to provide analysis uninhibited by political constraint and to facilitate information’s unending quest for freedom. Visit https://www.zerohedge.com