The S&P 500 on Tuesday was moving back within striking distance of its highest close on record, but stocks aren’t the only asset near highs.
The Dow was up 70 points, or 0.2%, on Tuesday. The S&P 500 was up 0.5%. The Nasdaq Composite was up 0.9%.
Bespoke Investment Group co-founder Paul Hickey points out that gold and the U.S. dollar have rallied of late. The price of gold is at record levels, while the WSJ Dollar Index is off about 1% from its one-year high. That’s uncommon, according to Hickey.