We have been mentioning the consistent rise in US markets over and over again but in this segment we take a step back and recap what truly is a historic time. At the end of last week the S&P 500 hit closed at new all-time daily highs everyday of the week. It also hit a record weekly close for 6 straight weeks and monthly all-time highs for 7 straight months. This has never been done before.
Trader Vic joins me to share his thoughts on why the markets are continuing in this direction and what he this could break this. Here’s a hint, it’s all about the central banks – just look at the chart below.
Central Bank Printing and S&P
(Audio length 00:17:04)
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