Stocks’ Latest Record Comes With Few Signs of October Euphoria

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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000US Stocks:The S&P 500 closed at an all-time high. That’s not unusual in 2025, though it’s been six weeks since the last one. But the setup sure looks different on Dec. 12 than in late October.For one, the October high came amid a bout of investor euphoria, driven by a strong earnings season and excitement about the promise of artificial intelligence. That headiness is nowhere to be found this time, a positive sign for bulls hoping for a yearend rally.
