This bull market has been going strong for over eight years. And a lot of the classic warning signs are flashing red and the bears no it. UNFORTUNATELY, history shows that some of the biggest gains in the stock market occur when bull markets are about to end.
The S&P 500 and Nasdaq hit record closing highs on Thursday, with the market propped up by gains in the consumer discretionary sector after strong reports from Best Buy and other retailers. The discretionary index (.SPLRCD) gained 0.9 percent, while the S&P 500 retail index (.SPXRT) was up 1.6 percent, its best day since Dec. 7. Best Buy (BBY.N) jumped 21.5 percent, hitting a record high and making it the top gainer on the S&P, after its comparable sales unexpectedly rose last quarter.
Dennis Davitt of Harvest Volatility Management breaks down three key market themes for investors heading into the week's final trading day.