New Record Closes For Dow, S&P And Nasdaq  Image: Bigstock Stocks were up across the board yesterday with the Dow, S&P and Nasdaq making new all-time high closes in the process. As has been the case all year, the improving economy, as the country opens back up, and the pent-up economic demand that's feeding it, continues to fuel stocks. Talk of inflation again was strewn across the headlines. But weren't they just panicking over the possibility of deflation no more than late last week? It's unfortunate to see such schizophrenic headlines. But that's why it's important to keep your eyes on the big picture. That includes full-year GDP expecting to come in at the fastest pace in 37 years. The jobs market continues to improve. And with more jobs available than there are people to fill them, it looks like the jobs market will stay hot for quite some time. The consumer is in one of the strongest financial positions in decades. And banks have only gotten stronger. Corporate profits have literally just recently hit record highs. All while interest rates sit at record lows, with the Fed saying they plan to keep it that way thru 2022 and a portion of 2023. That's the big picture. Earnings season is part of that big picture. And while earnings season has already unofficially begun (two weeks running so far), it officially kicks off this week on Thursday, 7/15, when Alcoa reports earnings after the market's close. There's only another 117 companies on deck to report throughout the rest of this week. But next week steps up to 410 companies. And then the week after that we'll get 1,111 companies reporting. In the meantime, the market looks great. 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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