With a new president brings new hope as the Standard & Poor’s 500 index have risen nearly 6% since Election Day. Hopes that the new president Trump`s platform will boost economic and corporate profit growth. The bulk of these gains are based on Trump`s promises of spending on the nations infrastructure and slashing corporate taxes.
Key Takeaways:
- As investors take the temperature of financial markets in 2017, some Wall Street pros say the “Trump Rally” is entering a new stage: the “show me” phase.
- Stocks, as measured by the Standard & Poor’s 500 index have risen nearly 6% since Election Day on hopes that president-elect Donald Trump’s platform will boost economic and corporate profit growth.
- The Dow’s flirtation with, but inability (so far) to reach the 20,000 level may be further evidence of a sentiment shift. Despite coming within 13 points of that milestone on Dec. 20, it has been unable to break through the barrier as investors look for concrete signs that the good news they’ve priced in since Election Day is coming.
“Stocks, as measured by the Standard & Poor’s 500 index have risen nearly 6% since Election Day on hopes that president-elect Donald Trump’s platform will boost economic and corporate profit growth.”
http://www.usatoday.com/story/money/markets/2017/01/05/stocks-show-me/96117860/
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