In a shortened trading week, the S&P 500 closed at new record highs. The Dow Jones made another run towards 36,000 and the Nasdaq finished the last 3 trading days with points gains of 360, 180, and 131. The market continues to swing back-and-forth between panic and greed. This type of volatile environment has been in place going back to September and it’s something to watch as we enter 2022.
For the week ahead, it’s a slow one for economic data. So, unless there is some major headline, expect a low volume week for stocks. The data points of interest this week are consumer confidence and jobless claims.
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