Traders work on the floor of the New York Stock Exchange (NYSE), July 21, 2021.
Brendan McDermid | Reuters
It’s late August, so the market is supposed to be on vacation like so many of us.
However, considering that since the pandemic started, no one really keeps track of what month it is – how was the holiday party last winter, your birthday party, or the company summer outing? – we shouldn’t assume that the S&P 500 or any other index is keeping close tabs on the calendar, either.
So, what has the market been doing lately? The answer from 20,000 feet would be “grinding higher.” Through Aug. 20, the S&P had climbed 18.3% year-to-date, 6.8% in last three months, and 2.7% over the…