Stocks Up For The 2nd Week In A Row  Image: Bigstock Stocks finished higher on Friday with the Dow making a new all-time high close, the S&P making a new all-time high and close, and the Nasdaq making a new all-time high close. And they all closed higher for the week as well, making it two up weeks in a row. Same story on Friday as it was all week, and the week before – strong earnings have helped fuel stocks higher. And there's more earnings season to go with another 712 companies reporting this week, and another 954 companies next week. Also supporting stocks is optimism over the next stimulus package. I'm expecting those conversations to pick up in earnest this week. Congress has suggested they could pass something by mid-March, if not sooner. So that essentially leaves just 4 weeks to get that done. So there's little time to waste. In addition, falling case counts, increasing vaccination numbers, and more and more big cities coming off of lockdown and allowing businesses to open up, is also buoying stocks as big pent-up demand is expected to be unleashed. Let's also not forget the economic data that continues to show an economy in recovery, and that's poised to get sharply better. That's why full-year GDP this year is expected to come in at the strongest level in 38 years! Stocks are off to a great start this year.
And the best part is that it looks like there's a lot more upside to go. So make sure you're taking full advantage of it. See you tomorrow,  Kevin Matras
Executive Vice President, Zacks Investment Research | 
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