Dow And S&P Hit New All-Time Highs  Image: Bigstock Stocks closed mixed once again yesterday, this time with the Dow and the S&P finishing higher (they both notched new all-time highs), while the Nasdaq finished lower. Earnings season continues to impress. And so does the economic data. That was underscored by last week's Employment Situation report which showed a larger than expected 943,000 new jobs were created last month. That was further underscored by Monday's Job Openings and Labor Turnover Survey report (or JOLTS for short), which showed a record 10.073 million job openings - literally more jobs than there are unemployed people to fill them. We'll get another look at the economy with today's MBA Mortgage Applications report, the Atlanta Fed Business Inflation Expectations report, and the Consumer Price Index. The Infrastructure bill (called the Infrastructure Investment and Jobs Act), which could spur on even more economic growth, cleared a key hurdle by passing the Senate yesterday. Next stop is the House. They are on recess right now. So it's unclear when they will take it up. But that's the next step. All of this makes me think back to what Jamie Dimon said in his annual letter to shareholders earlier this year. After talking about how we could be looking at a "Goldilocks moment" for the economy, he went on to say "this boom could easily run into 2023 because all the spending could extend well into 2023." And it sure is looking that way. In the meantime, stocks continue to trade at or near their all-time highs. And 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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