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September's momentum carried into October. The first week of the new month marked the 4th consecutive week of gains for the S&P 500. Thursday set the longest record in 20 years with 6 consecutive closing highs for the S&P 500. Stocks pulled back on Friday after the first negative jobs report in seven years but some of the early losses were erased as buyers took control of the second half of the day to inch the index to just under flat.

Employment in September's jobs report was expected ...

33,000 jobs lost. Unemployment rate 4.2%

More:

https://www.reuters.com/article/us-usa-economy/hurricanes-harvey-irma-sink-u-s-payrolls-in-september-idUSKBN1CB0D3


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The rally continued Thursday with solid gains in most of the major indices, with the Transports being the exceptions as they posted a small loss, as did the I-fund with the dollar moving higher again.. The Dow gained 114-points, or 0.5%, while the Nasdaq led the way with a 0.78% gain.

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There was a noticeable fade in afternoon trading, but that didn't stop many of the major stock indices from closing at record levels once again. The Dow gained another 20-points on the day while the S&P and Nasdaq were also up slightly. No signs of the bears who are either being patient, or non-existent.

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The momentum of the bull market freight train continues to roll, and when it looked like we could see things stalling early on Tuesday, we heard from Warren Buffet who said he does not think that stocks are expensive, and the indices turned around and closed with modest gains. The Dow added 84-points while the S&P, Nasdaq and small caps each added about 0.2%.

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