I KNOW IT’S BORING, BUT SP500 AND DOW CLOSED ON RECORD AGAIN

I understand if you are sick and tired by the records, which seems to me a weekly permanent pattern. The Dow Jones ended the day again at a record for the 27th time this year, the S&P 500 closed at a record for the 44th time, almost each week have been statistically new record. Thursday stocks turned in green after the U.S. jobless claims data that fell more than expected at 291,000, which is the best data since 2000.

All in all the US indices finished the session slightly higher. The gains on the S&P 500 and the DJIA were enough to send the indexes into record territory again.

• S&P 500 +0,20%
• DJIA +0,19%
• Nasdaq +0,56%

Thursday the Russell 2000 overperformed all other indices with +1,1%. The small cap index made a nice and strong rally. There is a huge and wide optimism between the investors, but the latest AAII data show some weakness in bullish sentiment, which might be good news for more gain, while still out there are many sceptical investors who later will be buyers.

http://www.aaii.com/SentimentSurvey?adv=yes

The bullish sentiment is still over the long-term average (38,9%), but the good sign is that since last week it has been moderated by 8.8%. Ceterum Censeo the bulls still have more room to run further.

The BFM Assets Team.