This Bull Market is Alive, Small Caps are Running Too
$DIA, $SPY, $QQQ, $RUTX, $VXX
Tune out the Noise! The President talks tough on trade and the stock market like it.
This Bull is running and will only continue to climb higher under US President Donald Trump.
The new leadership is set up and the small caps will surge in here.
Out-performance of top-weighted Information Technology sector has bolstered investor sentiment
“I’ve never seen a President that has been this Bullish and Bearish at the same time,”Investment guru Ed Yardeni said in a TV interview.
Mr. Yardeni explained that while The Trump Tax Cuts have made the US economy stronger, protectionist policies have stoked market anxiety.
“A lot of what’s going on is Noise,” he said. “There is money to be made in this market,” he said.
Mr. Yardeni predicts the S&P 500 will end this year at 3,100, a rise of about 13% from the current mark of about 2748.
“Earnings are fabulous. I mean we had a dramatic cut in the corporate tax rate at the end of last year,” the former New York Federal Reserve economist said. “We should really focus on the signal. And, the strong signal is earnings,” he said.
And he tells investors to keep a sharp eye on stocks of small market capitalization companies, commonly referred to as small caps.
“Small cap stocks are on fire, at record highs, because they are not as exposed to the global economy in currency and protectionism,” Mr. Yardeni said.
Monday, the major US stock market indexes finished at: DJIA +178.48 at 24813.69, NAS Comp +52.13 at 7606.46, S&P 500 +12.25 at 2746.87
Volume: Trade on the NYSE came in at 873-M/shares exchanged
- NAS Comp +10.2% YTD
- Russell 2000 +7.7% YTD
- S&P 500 +2.7% YTD
- DJIA +0.4% YTD
HeffX-LTN Overall Out for the US Major Stock Market Indexes is Bullish