S&P 500 (Finally) Spikes To New Intraday Record High

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by Tyler Durden
Tuesday, Aug 18, 2020 - 09:44 AM

Six days ago, The S&P 500 pushed above its previous record closing high (3386.15 on 2/19/20) for the first time.

And after a week of trying and failing, this morning has seen stocks spike up and finally take out the all-time record intraday high (3393.52 on 2/19/20) - erasing all impact of the pandemic and global depression...

...because fun-durr-mentals...

Just Kidding - here's why!

Hold your nose and buy the record high? Or is the bounce over?

Mission Accomplished?