The Trump Effect Continues to Drive this Bull Market
$DIA, $SPY, $QQQ, $RUTX, $VXX
President Donald Trump’s pro-business influence is keeping the Bull Market alive.
“There is a sort of optimism about the markets under Trump, and that’s continuing. I don’t see a reason for it about to change,” Yale economics professor Lawrence Shiller.
“There’s something about how the world is reacting to the President. Something about his self-confidence which is gradually lifting our spirits,” said Professor Shiller
US stocks ended higher Wednesday, with the S&P 500 and DJIA registering their biggest daily percentage gainers since 4 May, as signs emerged of an easing of political turmoil in Italy and a surge in Crude Oil prices boosted energy stocks.
Wednesday, the major US stock market indexes finished at: DJIA +306.33 at 24667.78, NAS Comp +65.86 at 7462.45, S&P 500 +34.15 at 2724.01
Volume: Trade on the NYSE came in at 856-M/shares exchanged.
- NAS Comp +8.1% YTD
- Russell 2000 +7.3% YTD
- S&P 500 +1.9% YTD
- DJIA -0.2% YTD
HeffX-LTN’s Major US Stock Market Indexes Technical Analysis