Stock Market Reaches New Shocking Record
The stock market under President Trump has reached a new record, a high of 27,000 points. CNBC reports:
The Dow Jones Industrial Average rallied to a record high on Thursday, led by UnitedHealth shares, after testimony by Federal Reserve Chair Jerome Powell this week that signaled easier monetary policy could be implemented later this month.
The 30-stock average broke above 27,000 for the first time in its history, rising 227 points or 0.9% to 27,088.08. The Dow first closed above 26,000 in January of 2018 so it’s been a little more than a year-and-half trek between 1,000 point moves, with the gains largely driven by expectations the Fed will cut rates, insulating the market from a slowing economy and a trade battle with China.
AdvertisementMicrosoft has been the best-performing Dow stock since the index’s first close above 26,000, surging around 50% in that time. Visa, Cisco Systems and Nike are also up sharply since then.
“This week solidified the fact that the market doesn’t need, it doesn’t want, it’s demanding a rate cut from Powell,” said Jeff Kilburg, CEO of KKM Financial. “I do have a little bit of caution going into the earnings season because we have some forward-guidance uncertainty with the trade tensions, but the wind in the sails continues to be that dovish stance from Powell.”
Although high stock values do not completely reflect the economic well being of the nation, it generates additional revenue for Americans and their IRAs/401ks. The continued job and wage growth has continued to rise, lifting all segments of the population into a more prosperous life.
Kansas Lawmakers Side with Democrat Governor’s Veto
Democrat Gun Control Scheme Exposed
Obama Official Speaks Truth About Migration Crisis
About The Author
If the Democrats/Leftists/Liberals/Socialists are to be believed President Trump has done nothing to improve the economy and the only way to save us from his fool hearty ambitions is to elect one of their chosen ones. Which one is not quite clear just yet but any of them will be better than a second term for the President.
The last report I heard Unemployment is still at the lowest in over 50 years, more and more manufacturing jobs are available and the Welfare rolls are down. It is a good thing that the President is doing such a crummy job God only knows where we would be if he was really trying. God Bless America and all of or men and Women in Uniform
Keep up the great work President Trump! The best President ever! Not to mention the first lady she’s the best too! Now that America is great again, let’s keep it that way! Trump 2020!
This is why I call President Trump the Smartest Business Man and President on the Planet. President knows just what The United States needed and he is making America Great Again.
I love my 401K! Thank you President Trump!!!
Now as the old saying goes that which goes up will come down at some point.
With all the hype from Trump and his supporters the fact is the Market has rose no faster since 2011, just the same rate of increase, set in place in 2011 and still working. I do think most investors are getting a little nervous about the continued climb when it should have leveled off at some point, for a while at least.
All i can Say IS : ‘COLLECT YOUR PENSION(s) NOW ‘___
Not kidding.