On Wednesday, the US stock market closed at a historical high for the 33rd and 22nd time this year, respectively, with the S&P 500 index and the Nasdaq. Although employment and service industry data show that the economy may be cooling, investors have not backed down. Mark Hackett, director of investment research at financial services company Nationwide, said: "The bulls are still completely in control." He also said that even the political uncertainty in the United States is not enough to cause market weakness or volatility. Hackett wrote in an email: "The resistance facing the bulls is small because most pessimists have surrendered. At the same time, seasonal factors and capital flows provide favorable conditions." "Macro prospects are clouding, especially consumer data, but investors' optimistic mindset continues to drive the market higher."