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Stocks surge to Record Close, have best start to a year since 2003


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2018 Jan 12, 1:09pm   15,833 views  54 comments

by MrMagic   ➕follow (2)   💰tip   ignore  

Stocks rose to record highs on Friday after some of the major financial companies in the U.S. reported strong quarterly results.

The Dow Jones industrial average rose 197 points to an all-time high. J.P. Morgan Chase was among the best-performing stocks in the index, rising 1.1 percent.

The S&P 500 reached a record high, climbing 0.6 percent with industrials and consumer discretionary as the best-performing sectors.

The index was also enjoying its best 10-day start to a year since 2003. In that time period, the S&P 500 is up 4 percent. It gained 5.9 percent during the first 10 days of 2003.

The Nasdaq composite traded 0.6 percent higher and also hit an all-time high. Amazon shares rose 2.1 percent and broke above $1,300 for the first time.


https://www.cnbc.com/2018/01/12/us-stocks-earnings-season-dow-jp-morgan.html
#economics

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49   MrMagic   2018 Jun 29, 8:29am  

PrivilegedtobeWhite says
Lol...the stock market doesn't mean a booming economy. Anyone can do well in the stock market when there's record easy money policies.


and also print and inject $4 TRILLION into the economy to prop it up. I wonder why the market flatlined between 2014 and 2016 when the free money, QE flow was turned off?

50   NuttBoxer   2018 Nov 27, 1:54pm  

PrivilegedtobeWhite says
RafiMaas says
Actually Obama was President from 2009 to 2017 and handed Trump a far better economy than was handed to Obama.
Lol...the stock market doesn't mean a booming economy. Anyone can do well in the stock market when there's record easy money policies. The fact that the Fed is raising rates is a compliment to the Trump administration because it means they trust the economy enough to tighten.


Fed is raising in an attempt to seem in control. They aren’t the primary driver behind rates going up. All they can do is print until their inflation crashes the economy.
51   Goran_K   2018 Nov 28, 1:46pm  

Herdingcats says
Are we at DOW 30,000 yet? 27,000?


Just had a 617 point swing today on news the FED wont touch rates in December. 26,000 right around the corner.
52   anonymous   2018 Nov 28, 2:45pm  

I'm more worried about their secretive quantitative tightening, which will have a much bigger impact. They may hold FFR steady, but they continue to roll off billions of $s in long term bonds and mortgage assets.

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