SPX S&P 500 Prints Above 5,000 for the First Time in History on 2/8/24; SPX Closes Above 5K for the First Time Ever on 2/9/24 and Prints All-Time High at 5030.06; SPX Prints All-Time High at 5048.39 on 2/12/24

The SPX, S&P 500, US Stock Market, prints above 5,000 for the first time in history at 3:59 PM EST on Thursday, 2/8/24, during the last minute of trading for the session (US stock market closes at 4 PM EST).

However, the SPX did not close above 5K instead ending the day at 4998. The S&P 500 printed the highest number ever in history at SPX 5000.40.

Today, and the days ahead, will dictate if the S&P 500 can close above 5,000. S&P futures are flatter than a newlywed's souffle about 4 hours before the opening bell for the Friday session. Folks, it's a long way to the top if you wanna rock 'n roll.

Note Added on Friday, 2/9/24, at 7:17 PM EST: The SPX closes above 5,000 for the first time in history today ending the session, and week, at 5026.61 call it 5027. The S&P 500 logs 5 consecutive up weeks catapulting from 4700 to 5027 (+7%) during this run. In the last 15 weeks, 14 are up weeks and the SPX has launched from 4104 to 5027 (+22.5%). THE SPX HAS RALLIED +1.5% PER WEEK ON AVERAGE, EVERY WEEK, FOR THE LAST 15 WEEKS STRAIGHT. Wow! Keybot the Quant remains long. The highest print ever in history occurs at 2:46 PM EST today at 5030.06. She's up in nose-bleed territory now; the cheap seats where the birds nest. What goes up eventually comes back down. Will the Fed Let it Drop? Utilities are set up to fail out of the gate on Monday as per the Keybot the Quant robot so the bears may come to play next week. Utes, commodities and copper are all that matter right now.

Note Added 2/14/24: The SPX prints an all-time high at 5048.39 on 2/12/24 at 11:30 AM EST. The all-time closing high holds at 5026.61 on 2/9/24.