Unexpectedly Intriguing!
26 July 2021

The S&P 500 (Index: SPX) breached the 4,400 level before closing the trading week ending 23 July 2021 at 4,411.70 - a new record high for the index.

As you can see in the following chart, that's right in line with where the dividend futures-based model says it should be when investors are keeping their focus on 2022-Q1 in setting current day stock prices.

Alternative Futures - S&P 500 - 2021Q3 - Standard Model (m=-2.5 from 16 June 2021) - Snapshot on 23 Jul 2021

The past week didn't have much news coming out from the Fed's minions, who are currently incommunicado in news blackout period ahead of its 27-28 July 2021 meetings. The news blackout will lift on Wednesday, 28 July 2021, after which investors can expect the Fed's minions to shift into overdrive and deliver a torrent of news.

Meanwhile, there was news, but a lot less of it during the week that was. Here is our summary of its market-moving news headlines:

Monday, 19 July 2021
Tuesday, 20 July 2021
Wednesday, 21 July 2021
Thursday, 22 July 2021
Friday, 23 July 2021

If you’re looking for market news about a specific company or the history of its stock prices, Yahoo! Finance is a very useful resource, particularly for the latter, where we’ve linked to its price history for the S&P 500.

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