Trump Rally Extends, Driving S&P 500 Market Value to $20-T +

Trump Rally Extends, Driving S&P 500 Market Value to $20-T +

Trump Rally Extends, Driving S&P 500 Market Value to $20-T +

$DIA, $SPY, $QQQ, $VXX

America First taking a firm hold on the business and consumer sentiment nation wide.

Monday, the major US stock indexes hit record highs, with the benchmark S&P 500’s market value topping $20-T as investors see tax cuts promised by President Donald Trump coming  to the economy.

Last Thursday, President Trump vowed to make a major tax announcement very soon, adding fuel to the Trump Rally.

The S&P 500 has rise about 9% since Donald Trump’s November 8 election, boosted by expectations he would lower corporate taxes, ease regulations governing banks and increase infrastructure spending.

The S&P 500 posted 73 new 52-wk highs and No new lows, the NAS Comp recorded 194 new highs and 19 new lows.

The S&P 500 financials index jumped 1.1%t, with Citigroup (NYSE:C) up 2.3%.

The industrial sector gained 1%.

The 2 Key sectors are seen benefiting heavily from the Trump Administration policies.

Strong economic data in recent weeks has been supported by upbeat corporate results.

S&P 500 companies are on track for their strongest profit growth in 9 Quarters, according to Thomson Reuters I/B/E/S.

Apple, (NASDAQ:AAPL) a component of all 3 major indexes, rose 0.9% and closed at a record high for the 1st time since Y 2015.

Monday, the major US stock market indexes  finished at: DJIA +142.79 at 20412.16, NAS Comp +29.83 at 5763.97, S&P 500+12.15 at 2328.25

Volume: Trade on the NYSE came in at 947.4-M/shares exchanged.

  • NAS Comp+7.1% YTD
  • S&P 500 +4.0% YTD
  • DJIA +3.3% YTD
  • Russell 2000 +2.6% YTD

All 3 indexes are Bullish to Very Bullish across the board.

Stay tuned…

The following two tabs change content below.

Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

You must be logged in to post comments :  
CONNECT WITH