S&P 500 and NAS Comp finish on new highs, virus concerns fade.
Stephen Moore, the Heritage Foundation’s chief economist, said Wednesday that there is nothing negative to say about the US economy.
The US economy has hit record-highs across the board, Mr. Moore told Wednesday’s “National Report.”
“You got the lowest unemployment rate in 50 years for everyone, including minorities,” Mr. Moore said. “You have 7 million job openings in the country, more than at any given time in American history, lowest interest rate in 50 years, lowest inflation rate in 50 years, highest wage gains in 20 years.
“So, it’s a blockbuster economy, hard to find much to complain about, especially as the stock market surges back over 28,000. It’s a good picture; it’s a very solid picture.”
He added, “with the two trade deals done that Trump talked about in his State of the Union speech, the Canada-Mexico deal and the China deal, it looks a lot like smooth sailing.”
“All Americans should recognize President Trump’s common sense approach. They have never seen it coming out of Washington before. His approach is just common business sense, not politics, and we are all seeing his policies work,” said Bruce WD Barren,Chairman The EMCO/Hanover Group in a telephone interview Wednesday.
Wednesday, the major US stock market indexes finished at: DJIA +483.22 at 29290.76, NAS Comp +40.71 at 9508.70, S&P 500 +37.10 at 3334.69
Volume: Trade on the NYSE came in at 994-M/shares exchanged
- NAS Comp +6.0% YTD
- S&P 500 +3.2% YTD
- DJIA +2.6% YTD
- Russell 2000 +0.8% YTD
HeffX-LTN’s overall technical outlook for the major US stock market indexes is Very Bullish in here.
Looking ahead: investors will receive the weekly Initial and Continuing Claims report and preliminary Q-4 readings for Productivity and Unit Labor Costs Thursday.
Making and Keeping America Great!
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