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. 

There continues to be a lot of movement in this market. The rotation that continues at a very quick pace and if one were to try to connect the dots on a very near-term basis might lead to a number of dead ends. 

For those looking at the market day by day, or even hour by hour, this could be a frustrating period ahead; we’ve seen a taste of it in the last several sessions. 

As we move into the final weeks of trading for 2023, the Nasdaq continues to have a commanding lead over the other major indexes....

We could be seeing Investors turn their attention from stocks to stockings during the holiday season, thereby causing a low in the market. 

The major stock indexes are now within striking  distance of their respective July peaks.