Trumpmentum DOW Closes Over 19,000…

NEW YORK – By the closing bell, the Dow rose 67 points or 0.35% to 19023, while the S&P 500 ticked up 4 points, or 0.22% to 2202, and the Nasdaq Composite gained 17 points, or 0.33% to 5386. Telecom, real estate, and consumer discretionary sectors led the gains.

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[…] Since the surprise outcome of the U.S. election two weeks ago in which Donald Trump secured the White House, the Dow has rallied more than 667 points, or 3.64% as Wall Street has cheered the prospects of a round of infrastructure spending, renegotiated global trade deals, and a drawdown in regulation. (read more)

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This entry was posted in Donald Trump, Economy, Election 2016, media bias, Uncategorized. Bookmark the permalink.

64 Responses to Trumpmentum DOW Closes Over 19,000…

  1. sundance says:

    Liked by 20 people

    • Dennis Leonard says:

      Do you think we are trying to create more division in the ranks,from the linked article,

      “Almost as surprising as the election result has been the market reaction,” said Joshua Feinman, chief global economist at Deutsche Asset Management. “There is a good chance of some significant fiscal stimulus, including tax cuts, tax reform, and infrastructure spending, which should boost growth and with the economy already close to full employment, help lift inflation back to target.”

      However, “policy accidents,” or broken campaign-trail promises, could quickly undo the quick rally, warned Michael Block, chief strategist at Rhino Trading Partners.

      “If we hear from Trump that he is not going to undo Dodd Frank because that’s not what he promised the people in Beaver Falls a few weeks ago, or if GOP legislators start pushing back on deregulation, we could see financials fall from lofty perches….if Trump makes noise about leaving ACA alone because he can’t figure out how to replace it yet, health care could suffer a setback,” Block said.

      Liked by 1 person

      • jeans2nd says:

        “chief strategist at Rhino Trading Partners.”

        Heard a radio ad today. Goldman Sax is advising people about this very thing and is advertsing for people to buy gold. (See how it’s done?)

        Like

    • repsort says:

      Don’t get too excited about these all time highs.. They are fools gold. This artificially inflated bubble is gonna pop BIGLY! And when it does, they are gonna try to blame Trump for it all.

      Liked by 5 people

      • Jett Black says:

        Just what I’ve been thinking–same old same old from the same old crooks, liars, and financial market manipulators–still Wall Street vs. Main Street. These run-ups are designed to flush out cash from those who conservatively went to hard assets in the uncertainty of the political season. Things are still extremely uncertain, geopolitically, socially, and economically, though at least we’ve got a competent capt. at the helm for a change. Still, I definitely expect a major “black __day” event shortly after POTUS Trump’s inauguration as an attempt to damage his presidency. Soros will be a big player. He is a natural “short seller”, meaning he wants to tear down, not build up–societies, moral values, investments, stock prices, and national currencies. Hopefully the douche will over-play his hand this time and wind up behind prison bars. In the meantime, if you’ve got profits, might want to be taking some and finding some safe havens to park it. Don’t get out completely, but don’t put it all on Red7 either.

        Liked by 1 person

    • notamemberofanyorganizedpolicital says:

      POP GOES THE GLOBALISTS!!!!!!!!!!!!!!

      Like

  2. ajbenius says:

    I have a bad feeling about this, since Obama is still president. I bet that when Trump takes office, the stocks will just magically collapse, so when people look back, they’re going to say that the stocks were riding high at the end of the Obama presidency and dropped when Trump took office.

    Liked by 5 people

    • Deplorable_Vespucciland says:

      Obama is a big mouth lame duck NOBODY at this point.

      “Americanism not globalism will be our credo.” ~~~ DJ TRUMP

      Liked by 2 people

    • AJ, you live with a cloud above you sometimes? Nope, stock portfolios are going to double. At least I saw that mine will. Very good news too, as I will be rich. AAPL CVX

      Liked by 1 person

    • Because people have been conditioned to look to the stock market as an indicator of the economy the stock market will be weaponized by those who control it (banking cartel trump ran against) against Trump.

      I share your concern and would be much much happier if stock prices would settle down sooner than later so the blame falls where it should, rather than with Trump and conservatives.

      It is worth noting after the 1980 election that benchmark indeces rose about 10% in the three weeks after the election before declining 35%+ the following 18 months. After the 35% decline stocks entered the longest bull market in history, with the S&P rising 1400% from 1982 to 2000.

      Liked by 3 people

    • WeeWeed says:

      Oh, yeah. And Trump’s already told us to be ready for it. It will rise again, however. For those of you that hold stocks in your 401K’s, IRA’s, whatever – you haven’t lost a dime if you don’t sell on the downturn. It’s cyclical, just like the oilfield, weather, etc., etc.

      Liked by 1 person

      • True, Wee. Very true. Plus, Soros & company are way to small to have any longterm effect on the US stock markets. They already tried – remember election night and the following day? Way down before the open, way up ever since.
        Just remember, though, Ms. WeeWeed has called this perfectly.

        Liked by 1 person

  3. Bull Durham says:

    Liked by 15 people

  4. BobW462 says:

    Soon to be heard from the lyin’ media:

    “Stock rally the predicted result of Barry’s solid economic guidance” -or- “The Russians hacked the stock exchange”.

    Liked by 2 people

  5. Wow, it’s almost like common sense economic principles actually work! Who da thunk it! Lol #SoMuchWinning

    Liked by 1 person

  6. tax2much says:

    There has been trillions of dollars sitting on the sidelines just waiting for the end of the Obama nightmare. Investors now see the light at the end of the tunnel.

    Liked by 5 people

    • notamemberofanyorganizedpolicital says:

      TOUCHE!

      YOU SAID IT!

      No one – especially business people with money to invest honestly (as opposed in the Globalists’ RIGGED SYSTEM) – wants to spend or invest when there is 100% Obama/Globalist Robber Barron Uncertainty.

      Liked by 1 person

    • Keln says:

      Yeah, it’s not the same old Globalist paper traders causing this rally, it’s industrialists. Two major examples are an Australian company negotiating a multi-billion dollar deal to invest in construction materials in the US in anticipation of infrastructure spending, and several oil/gas fracking companies who have been waiting for the election to decide whether or not to downsize, now ramping up investments in places like West Virginia and the Dakotas.

      These are the businesses that stood to lose from further regulation and loss of investment in the US domestic economy in the name of Globalism. Now they are going all in. Does that mean no bubbles will burst? No. But this is not a “setup” to make Trump look bad like some are suggesting. This is real, Main street money being traded being invested, and the smart traders are just following that trend and shifting to related stocks.

      If I had the money, I would be pouring it into energy and construction right now and going looooong.

      Liked by 5 people

    • LBB says:

      It so much easier to watch the financial shows vs the political pundits. I do think they are more in touch with reality. I love they refer to the investors as being “unshackled”, brings back good memory of a pivotal point this year. They’ll even give a more objective opinion on DJT’s cabinet selections.

      Liked by 1 person

  7. spren says:

    From the FBN article: Michael Block, chief strategist at RHINO…. too funny, you can’t make this up. And then their statement that “Since the economy is at full employment!!!!!” Tell that to the more than 94 million Americans of working age that don’t have jobs. Geesh!

    Liked by 4 people

    • georgiafl says:

      Since 2000 almost all new jobs have gone to immigrants.

      “All of the net gains in in jobs since 2007 have gone to immigrants — both legal and illegal — according to a new report from the Center for Immigration Studies, meaning that fewer native-born Americans are working today than were at the end of 2007.”
      Read more at: http://www.nationalreview.com/corner/395057/report-all-net-jobs-growth-2007-has-gone-immigrants-ryan-lovelace

      “Today, after four decades of rampant visa dispensations, reports document sustained compression to our nation’s middle class; real average hourly wages are lower today than they were in 1973; all net job creation among working-age people went to foreign workers from 2000-2014; the number of struggling Americans forced to rely on welfare has reached a record high; overcrowded schools, which are now majority-minority, have struggled to accommodate the growing number of students that qualify for reduced lunch programs and require English language instruction; an influx of a diverse student body with fewer English speakers has sent U.S. test scores plummeting; and the importation of criminal organizations has negatively impacted the safety of what are now gang-besieged communities.”
      http://directorblue.blogspot.com/2015/10/paul-ryan-doesn-believe-in-borders-or.html

      Liked by 5 people

    • texasmama6 says:

      That “full employment” statement made me laugh, too. They really did drink the Koo-aid. Just stop counting those who couldn’t find jobs and quit looking–out of sight, out of mind! Now they don’t exist, so inflation can “rise to the mark.”

      Like

  8. I work in capital markets. I would be very very careful of looking to Benchmark Equity Indeces as indications of economic strength. Its a good thing that, like Brexit, the narrative of Trump causing financial calamity at inception has been averted, but the reality is we need markets to bring back creative destruction and purge uneconomic and poliitcally dependent businesses.

    Asset prices have been dramatically disconnected from underlying economics since at least 2006 and dramatically so post financial crisis – when gains from asset price increases (house, stocks, bonds, etc.) did not accrue to working class Americans at remotely the same rate they did pre GFC.

    We have employed polices post GFC that have propagandized asset prices and sacrificed the creative destruction process so central to capitalism for what we perceive to be financial/economic stability.

    When Trump fought the status quo, he fought those who control capital markets. Trump even said this, calling the stock market a bubble and saying it would collapse many times.

    The price movement we have seen post election IS NOT the one that those who want Trump to have long term success would like to see. Periods of high volatility are not what preceeds crisis, rather its low volatility and misplaced expectations.

    Asset markets need to experience a repricing event. Ideally this event happens in concurrance with a dramatic fiscal stimulus that allows the government to borrow at extremely low rates without needing more QE from the Fed to fund it. If properly enacted those who would be on receiving end of the stimulative policies Trump would enact could thereby convert their proceeds to savings and fund investment in assets that offer more attractive valuations. Ideally these people would not be hurt and would be helped from a decline in asset prices from current levels (you want to buy things when cheap, not expensive).

    The people who got Trump elected do not benefit from high asset prices – the people that fought Trump do. We should expect financial war to be waged against Trump in due course as those who oppose him will try to blame financial calamity on Trump when its the policies Trump ran against that would be responsible for such an event.

    The sooner the repricing event arrives, the better, and the idea that propagandized equity indices shooting the moon being a good thing for the working class Americans who largely don’t own financial assets is extremely misplaced.

    We want Trump to restore the REAL ECONOMY not continue to perpetuate a fake one that serves a very small set of people. Once we reform the real economy then we can hope for the rising tide of asset prices to lift all boats, but not until then.

    Liked by 11 people

    • David says:

      I like everything you said, I just want to give the TLDR version…

      The markets are in a bubble, it will pop, and another recession will follow. Not Trump’s fault but he will have to deal with it.

      Liked by 7 people

    • No we should NOT expect financial war. Always be prepared for possible earthquakes but don’t expect them. Be prepared for possible robberies but don’t expect them. Always prepare for possible accidents but don’t expect them. If you get my drift.
      Unless you’re a seer or a darn good prophet, tell others to prepare but never to expect.
      I “see” portfolios DOUBLING. At least I saw mine doubling. AAPL CVX specifically. So for me, I expect mine to double.

      Liked by 2 people

      • I have a different set of companies, but I agree with you MoniQue. I’ve already weathered a couple of downturns. My advice? DON’T SELL! But keep an eye on the individual stocks, some of which may go wobbly or even out of business.

        Like

    • rashamon says:

      Almost everyone has an investment in the market,,,through their pension fund, social security, the college foundations, etc. Stocks, bonds, metals, real estate, whatever. The market matters.

      Zach is correct. We need to restore a Real Economy. In might not be pretty, but we can withstand it and WILL then return to a logical pricing pattern that insures steady growth over the next eight years.

      Like

  9. fedback says:

    Exactly, so many good signs and it’s only two weeks ago since the glorious night we won the election.
    As it doesn’t happen every day I intend to enjoy the win as much as possible.
    Perhaps watching some Trump Tower cam, when things get distorted, it’s a good reminder that we won.

    Liked by 2 people

  10. Elwood says:

    Sell now while you can. Dow futures were limit down on election night when it looked like Trump was winning. What changed their thinking? Sell it all now.

    Liked by 3 people

  11. coldwarrior says:

    the fed will raise interest rates just in time to blow the joint up, just in time to get trump blamed for the past 8 year’s of malfeasance, must protect the racial hire’s legacy at all costs.

    this is gonna be a fun ride!

    Like

    • notamemberofanyorganizedpolicital says:

      That Fed Chair will soon be out on their….Whatever……

      Liked by 1 person

    • Craig W. Gordon says:

      The FED minutes were ripe with ‘we need to finally raise rates’ quotes from most of its members a few days after the election. Prior to Trump winning it was the same old ‘we need to keep an eye on the economic headwinds to determine if rates need to be raised’ with the occasional dissenter. This FED is not federal and its not a reserve. What is it then? A made up entity with magical made up money to buy assets, then sell them for profit? Where does all its money eminate? You tell me.

      Like

  12. Beenthere says:

    Interesting perspective on food stamps & its relationship to pop growth.

    Liked by 1 person

  13. EJ says:

    He is already the most CRITICIZED president to never be the president (yet). At the same time, he has done more for the country in a few weeks than the last two presidents combined. Unreal. You can’t make this stuff up. . .

    Liked by 5 people

  14. snaggletooths says:

    In my community a business owner just announced a huge business expansion being planned for next year more jobs in our area think as time goes on we will see much more of that,people who sat on their monies the last 4-8 years will now feel better about spending, investing.

    Liked by 2 people

  15. valheisey says:

    I am not schooled in finance and markets and was wondering what all my Treeper experts think about the value of real estate in this transition. I remember in 1973 buying my Lancaster City end of row home for $13850. Yes that is not a typo. Now that home is probably worth around 80-95k. Will home values plummet as part of the reset and restructure? Am I about to lose more equity on top of what I lost in 2008?

    Like

  16. seabrznsun says:

    All the stock market news is great. To me, measurement of GDP, which is expected to go to 4 is the gold standard. I’m watching for that as the measure of long term, middle America advancement, and “Made in America” again prosperity.

    Like

  17. robertnotsowise says:

    And small cap stocks are up over double digits. That’s important

    Like

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