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Investors Have Stampeded Out of Stock Funds for Two Weeks – So How Did the Stock Market Set a New High Every Day Last Week?

Courtesy of Pam Martens

S&P 500 Notches Five Record Closes Week of August 24, 2020

By Pam Martens and Russ Martens

The S&P 500 stock index set a new record high on Friday, closing at 3508.01 – the first time it has ever closed above 3500. In fact, the S&P 500 set a record high close every single day last week. Here’s the actual closing numbers:

Monday, August 24: 3,431.28

Tuesday, August 25: 3,443.62

Wednesday, August 26: 3,478.73

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