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A week full of 'choppy' actions ends with a late rally to put stocks at new all time highs. Friday was the S&P 500's 10th record close in 2021. For most of the week we saw a lack on conviction in stock gains. Jerome Powell did his best to reassure investors that monetary stimulus and low rates will not go away anytime soon. Still the market couldn't decide on a direction throughout the week and it was a late rally following a mid-day pull back to push the indices to new highs.

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Stocks were mostly flat on Thursday, but they battled back from an afternoon sell off to push back into the close. The Dow did lose 7-points on the day, off the 200-point loss it had earlier, while the other indices managed to close in positive territory. The S and I funds, and the Nasdaq, led on the upside while bonds were down, and the dollar ended flat.

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