The S&P 500 shook off a China financial shock and inflation warnings from the Fed Wednesday and climbed to its highest close ever. The new record took seven years and living through the worst bear market of a generation. Is this all-time high truly meaningful? And will the stocks that got us here continue to carry us higher?
Eric Bolling says this is a market gone wild. Give it an opportunity to shake off bad news and it does. On a related note, Eric thinks the S&P is still cheap, however he was hoping to see a little correction in the midst of this long term bull market.
Pete Najarian says the financials are leading the way. He feels the trade is the Financial Select Sector SPDR (XLF) because it’s a basket of financials.