I want to take this opportunity to wish every a very Merry Christmas and Happy Holidays; may it be a very special time for all of you! 

Several years ago, just before the outbreak of Covid, I mentioned an ultimate target for the DJIA of 42,000. 

The DJIA now stands some 1600 points above its July peaks, the Nasdaq is now some 400 points above its July peaks, and the S&P 500 is well above its July highs. 

The DJIA, the lagging index year to date, now stands at an all-time record high; and that is no small feat. 

For those who rely on daily headline news for their investment decisions, this may seem like a confusing market environment. But since the October lows… 

The Nasdaq and S&P 500 join the Dow in overcoming their respective July peaks.