Friday, the US major stock market indexes finished a run of 7 straight session highs and the S&P 500 was up for the 4th week running in the unprecedented post-Presidential election US stock market rally.
The latest stock market highs show a “great level of confidence and optimism,” President Donald Trump tweeted Thursday morning, putting his praise in the context of his upcoming tax plan.
US President Donald Trump promises to lower tax rates “very, very substantially for virtually everybody in every category. Including personal and business.”
Friday, President Trump visited a Boeing Co. (NYSE:BA) aircraft factory in South Carolina, where he repeated his pledge to promote US industry. He won the November 8th election on a platform that included promises to cut taxes, boost jobs and increase spending on roads, bridges and airports.
His visit to Boeing was important to boost morale among US workers and to reinforce the notion that he’s guarding taxpayer interests.
He has I am told made a 3 for the price of 1 deal for the new Air Force One Presidential jets.
President Trump told Boeing that as a major defense contractor, “you better get it in on time and you better get it in under budget” That is a terrific message, a good taxpayer message. Boeing is a Tier 1 company and I’m sure they will do it.
I expect that President Trump is very focused on tax incentives for both Big and Small businesses. Further, I expect President Trump to boost US economic growth by cutting business and income taxes, and eliminating business handicaping regulations
“On the very day President Donald Trump’s incentive-based tax and regulatory policies are put in place, Barack Obama’s war on business will have officially come to an end,” former economic adviser to President Ronald Reagan said Friday.
Soon, no longer will American companies be punished by uncompetitive rates of taxation and unnecessary rules and regulations.
So, if anyone thinks or believes that Trumpism was not the well planned disruption of the progressive left’s globalization, aka make America just another “me too” nation, goal they have another thing coming.
President Donald Trump is the Real Thing, and in just the last few weeks he has moved to put America First, Make America Great Again, and Keep America Great for generations to come
|NYSEArca:SPY||235.09||17 February 2017||0.37||233.95||235.09||233.93||77,172,100|
|HeffX-LTN Analysis for SPY:||Overall||Short||Intermediate||Long|
|Bullish (0.38)||Bullish (0.38)||Bullish (0.48)||Bullish (0.29)|
|NYSE:BA||172.71||17 February 2017||1.90||170.41||173.25||170.4||4,982,800|
|HeffX-LTN Analysis for BA:||Overall||Short||Intermediate||Long|
|Very Bullish (0.50)||Very Bullish (0.52)||Bullish (0.39)||Very Bullish (0.58)|
Ooh Rah & Hip, Hip Hurrah