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TBT - S&P 500 Touches New High As Fed Sets Course Of Inaction
ProShares UltraShort Lehman 20 Year Treasury
The S&P 500 (Index: SPX) bounced up to reach a new high closing value of 2,945.83 on Tuesday, April 30, 2019, before dipping back on the next two trading days and finally closing a fraction of a point below that level on Friday, May 3, 2019.
The level of the S&P 500 is consistent with investors focusing on the distant future quarter of 2020-Q1 in setting current-day stock prices, which, in our dividend futures-based model of how stock prices work, covers the period from December 21, 2018, through March 20, 2020, coinciding with the