A Minor Correction Will Be Healthy for the Bull Run
$DIA, $SPY, $QQQ
A minor correction is ahead for the record-setting Bull Market in US stocks, but Donald Trump will help the civilian investor as the new President starts delivering on his campaign vows to make “America Great Again”.
Stocks have advanced on speculation the US President Elect Trump’s pledges to cut taxes and increase fiscal spending will boost companies that benefit from economic growth.
The DJIA and S&P 500 both added to all-time high Wednesday and the Russell 2000 Index extended its rally to 14 days running as data fueled speculation that the world’s largest economy can withstand higher rates that the Fed has signaled may be imminent.
The S&P 500 Index rose 0.1% to a record 2,204.61 Wednesday at the close. The DJIA rose past 19,080, adding to an all-time high. The Russell 2000 Index of small caps climbed 0.5% to the most ever. It’s up 16% during its longest winning streak since Y 1996.The S&P 500 has rallied 3% since the US Presidential election.
Getting rid of Barack Hussein Obama and not election Hillary R. Clinton is good for stocks, but now Donald Trump has got to deliver on his campaign vows.
Note: the Fed rate hike is not something to be feared, higher rates, inflation means growth.
As Donald Trump’s economic strategy rolls out, the US economy should start growing at a healthy pace again.
Caution: civilian investors do their homework and develop a savvy strategy before entering into the stock market.
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