stock market

STOCK MARKET 31% GAIN DURING TRUMP – THE BEST SINCE FDR

Posted on

  • The 30-stock index has surged more than 31 percent since Trump’s inauguration.
  • That marks the index’s best performance during the first year of a president since Franklin Roosevelt.
  • “You’ve got lower taxes, less regulation and confidence in the economy is high,” said one investor.
  • The S&P 500 has surged 23 percent during Trump’s first year in office.

 

CNBC |

 

Donald Trump lifted the Dow Jones industrial average in his first year in office more than any other president since Franklin Roosevelt.

The Dow has surged more than 31 percent since Trump’s inauguration on Jan. 20, 2017. That marks the index’s best performance during a president’s first year since Roosevelt. The Dow skyrocketed 96.5 percent during Roosevelt’s first year in office

“This is all about policy,” said Bruce Bittles, chief investment strategist at Baird. “You’ve got lower taxes, less regulation and confidence in the economy is high. Things are firing on all cylinders.”

Trump quickly moved to cut regulations enacted by previous administrations. He also successfully pushed to overhaul the U.S. tax code. That revamp included slashing the corporate tax rate to 21 percent from 35 percent.

Read more: The Dow’s 31% gain during Trump’s first year is the best since FDR

 

TRUMP IS RESPONSIBLE FOR THE STOCK MARKET WHICH IS ALWAYS FORWARD LOOKING, NOT BACKWARDS LOOKING

Posted on

Donald J. Trump is for sure responsible for the stock market. I don’t see how Barack Obama can take credit for the stock market during [the] Trump [presidency], because the stock market is always forward looking, not backwards looking, and it tells us what will be, not what has been and this market has been great.” — Art Laffer, former economic adviser to President Ronald Reagan

 

 

TRUMP’S BULL MARKET IS MORE POWERFUL THAN THE LATE 90s – SAYS RALPH ACAMPORA, GODFATHER OF TECHNICAL ANALYSIS

Posted on

  • The godfather of technical analysis, Ralph Acampora : “This is a market that’s more powerful than the late ’90s. I’m not sitting in a chair anymore. I’m sitting in a rocking chair,” he told CNBC’s “Futures Now” on Tuesday — adding that the “chair was about to explode.” 

 

  10 Jan 2018

( CNBC ) The godfather of technical analysis is a raging bull, and he’s becoming even more vocal about it.

Last week, Ralph Acampora said he was so bullish he had to sit down and calm down.

“I’m not sitting in a chair anymore. I’m sitting in a rocking chair,” he told CNBC’s “Futures Now” on Tuesday — adding that the “chair was about to explode.”

The S&P 500, Dow and Nasdaq have been sizzling.

The S&P 500 is seeing its strongest six-day win streak in 31 years. That index, along with the Nasdaq, just registered its sixth all-time closing high of 2018. The Dow has clocked four record closes.

“This is a market that’s more powerful than the late ’90s,” said Acampora.

Altaira Capital Partners’ Acampora, who calls himself “the godfather of technical analysis,” contends an impressive rotation is firmly gripping the market — a vital element of any strong bull market.

“The last six days have been phenomenal,” he said. “Foreign markets are on fire, too. It’s all over the world.”

He points to a simple chart that illustrates the breadth of the rally. According to Acampora, the NYSE advance-decline line reflects just how vibrant the stock market is right now.

“We technicians look at the breadth of the market. That’s the advances and declines,” he said. “It just tells you the direction of the move. And you look at that picture, and the majority of stocks are moving up. To me, that’s broad-based advance and it makes me very, very encouraged.”

 

Read more: https://www.cnbc.com/2018/01/10/this-bull-market-is-more-powerful-than-the-late-1990s-acampora-says.html

 

BANK of AMERICA: A ‘big money indicator’ is pointing to more record highs for stocks throughout 2018

Posted on Updated on

Traders work on the floor of the New York Stock Exchange.

 

( CNBC ) If you’re worried about the market’s record run coming to an end, one Bank of America strategist says fear not— because there’s a strong technical case for a rally through 2018.

According to Stephen Suttmeier, chief equity technical strategist at Bank of America, the advance-decline line of the S&P 500 Index has broken out in the last month, and points to more gains ahead.

The advance-decline line essentially tracks the moves of the 15-most heavily traded stocks by share volume. Based on Suttmeier’s chart work, a breakout of the line shows that the most-traded stocks in the market are seeing a large number of buyers.

“The bottom line is this: it’s a big money indicator, and last year this big money indicator didn’t confirm the rally until it broke out in December of 2017,” Suttmeier explained to CNBC’s “Futures Now” in an interview last week.

 

HISTORIC! DOW 5,000 POINTS RISE: HIGHEST ANNUAL INCREASE IN ITS 121-YEAR HISTORY

Posted on Updated on

 

Dow rises 5,000 points in a year for the first time ever

  • This is the biggest annual-points gain for the Dow in its history.
  • A 200-point rally Monday sent it to an all-time high and pushed it to the 5,000-point milestone.
  • “It’s getting a bit extended, but I think it has more room to run,” says MKM Partners’ Jonathan Krinsky.

 

The Dow Jones industrial average just did something it has never done in its 121-year history.

The 30-stock average is now up more than 5,000 points in a year, marking its biggest annual-points gain ever. This following a 200-point rally Monday which sent it to an all-time high.

The Dow was also on track Monday to post 70 record closes in a year for the first time. To put that into perspective, about one of every four trading sessions this year has been a record close for the index.

The Dow, along with the S&P 500 and the Nasdaq composite, has had a banner year, rising 25.6 percent. The S&P 500 and Nasdaq are up 20.3 percent and 28.6 percent, respectively.

 

Read more: https://www.cnbc.com/2017/12/18/dow-rises-5000-points-in-a-year-for-the-first-time-ever.html

DOW JONES NEW ALL-TIME HIGH! CROSSES 24,000…MAGA!

Posted on Updated on

 

( CNBC ) Stocks rallied on Thursday as the possibility of the Senate passing a bill aimed at overhauling the U.S. tax code increased.

The Dow Jones industrial average surged 331.67 points to close above 24,000 for the first time, with United Technologies leading advancers on the 30-stock index.

The S&P 500 advanced 0.8 percent to close at 2,647.58 — an all-time high — with industrials and information technology among the best-performing sectors. L Brands and Kroger were the best-performing stocks in the index.

The Nasdaq composite rose 0.7 percent to close at 6,873.97, rebounding from a 2 percent decline in the previous session. Tech giants like Facebook, Amazon, and Apple all traded higher.

 

Read more: DOW 24,272!

 

TRUMP STOCK MARKET HAS BEST FIRST YEAR SINCE 1945

Posted on

  • The Dow has soared 28.5% since Election Day 2016

 

( Fox Business ) Stocks have been on a tear ever since President Donald Trump surprised the political world with an election victory on Nov. 8, 2016. In fact, on the one-year anniversary of Trump’s win, the Dow has booked its best-ever first year under a new administration since 1945.

 

The Dow has soared 28.5% since Election Day 2016, the fourth-best performance in history and the top mark since Franklin Roosevelt and his successor, Harry Truman, in 1945. Under Roosevelt and Truman, the Dow gained 29.83% in the first year, according to Dow Jones statistics. Trump has surpassed Bill Clinton, who saw the Dow move 26.5% higher in the year following his re-election in 1996.

 

Read more: Under Trump, stock market has best first year since FDR