Guest post by Joe Hoft
Shhhh! The major market indices are way up and many are reaching their all-time highs!
Today already the Nasdaq reached its all-time high –
The Nasdaq Composite hit a record high on Friday, led by strong gains in Netflix. The broader market also rose after the top Federal Reserve official characterized the U.S. economy as “strong.”
The tech-heavy index gained 0.8 percent. Netflix shares rose 3.4 percent on Friday, adding to their already strong weekly gains. The video streaming giant is up more than 10 percent this week.
The Russell 2000 (an index of small and medium sized companies) is at all-time highs today as well. The index reached 1,725 this morning already. It reached all-time highs on Monday and Tuesday this week too.
The S&P 500 (an index of the 500 largest publicly traded companies in the US) reached an all-time high on Tuesday.
The DOW is up today over 100 points as well.
President Trump’s economy is on fire, but hardly anyone but the President is reporting it.
Target CEO raves about the Economy. “This is the best consumer environment I’ve seen in my career.” A big statement from a top executive. But virtually everybody is saying this, & when our Trade Deals are made, & cost cutting done, you haven’t seen anything yet! @DRUDGE_REPORT
— Donald J. Trump (@realDonaldTrump) August 24, 2018
The President is right! Once the trade deals are in place, the US will be rolling (even more than it already is)!
