S&P 500

European shares are modestly lower as investors monitor tense events in Spain and as focus turns to Thursday’s ECB meeting; US equity futures have rebounded from yesterday's sharp but shallow selloff and are in the green amid rising odds of U.S. tax reform and the imminent unveiling of the next Fed chair while Asian shares rise and Japan extends its winning streak to a record 16 days. The euro edged higher after data showed Europe’s economy is maintaining momentum, while the USDJPY managed to recover all of yesterday's sharp losses.

Authored by Simon Black via SovereignMan.com,

US stock markets hit another all-time high on Friday.

The S&P 500 is nearing 2,600 and the Dow is over 23,300.

In fact, US stocks have only been more expensive two times since 1881.

Authored by Lance Roberts via RealInvestmentAdvice.com,

I genuinely admire Morgan Housel. I think he is a brilliant and talented writer. However, he sent out a tweet on Friday that really struck a chord with me.

Via LPLResearch.com,

2017 continues to break records, as the S&P 500 Index makes new highs amid historically low volatility:

• The index has now gone 33 consecutive sessions without a 0.5% daily decline, which is the longest streak since 1995.
• The index’s average daily change on an absolute basis so far this year has been only 0.30%, the smallest since 1965.
• The index has closed lower 1% or more only four times—the fewest for a full year since 1964.

Per Ryan Detrick, Senior Market Strategist,

In an otherwise quiet session, Sunday's convincing election victory for Japanese Prime Minister Shinzo Abe’s ruling coalition, which gave it another constitution-changing supermajority, pushed the Nikkei to the highest level since 1996, after a record 15 consecutive days of gains - the longest winning streak on record - and sent world stocks to new all-time highs on Monday.