High Drama, High Valuations, And ‘Slightly Scary Theories’

High Drama, High Valuations, And ‘Slightly Scary Theories’

Headed into the new week, the S&P 500 hadn't seen a losing session since July 30. Emboldened by a determined Fed and encouraged by corporate earnings which, on the whole, came in better than feared, investors pushed the US benchmark higher for six consecutive sessions to within 1% of its all-time peak. The Nasdaq 100, despite Friday's stumble, will be looking for a third straight weekly gain, having long ago erased the entirety of its pandemic plunge to reclaim record highs. You'd be forgi
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