Wednesday, 10 January 2018

S&P 500 hits another record, winning streak getting “scary”

Markets rose on Tuesday.

The S&P 500 rose 0.1 percent to another record high and extending its winning streak to six, its best since 1964.

Elsewhere, the STOXX Europe 600 rose 0.4 percent and the Nikkei 225 rose 0.6 percent.

“I am really struggling to find any bad news at the moment,” said Rob Carnell, head of research for Asia at ING.

However, some analaysts are getting concerned.

“It’s scary, the unrelenting advance,” said Kent Engelke, chief economic strategist, at Capitol Securities Management. “This reminds me of January 2000.”

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