It’s a short trading week, and the stock market is rallying. It’s clear that Wall Street liked President-elect Donald Trump’s choice of Scott Bessent for Treasury Secretary. The broader stock market indexes closed higher, with the Dow Jones Industrial Average ($INDU) closing at a new record. The S&P 500 ($SPX) tried to meet its all-time high, but didn’t. The Nasdaq Composite ($COMPQ), meanwhile, is still struggling to close above its November 7 low of 19084. Small caps were the best performers. The S&P 500 Small Cap Index ($SML) rose 1.80%, and the S&P 400 Mid Cap Index ($MID) was close behind, rising 1.45%. Both indexes hit a new record high. Overall, it was a green day in the equities world, as can be seen by Monday’s MarketCarpet. FIGURE 1. MARKETCARPET FOR NOVEMBER 25, 2024. Overall, it’s a sea of green except for the Energy sector.Image source: StockCharts.com. For educational purposes.…
