Postelection rallies are common. They reflect hope. Performance in the first 100 days reflects reality. And President Donald Trump’s first 100 days are average.
Efficient markets assume that all traders, as a group, know everything. This is good news for those worried about the situation in North Korea.
Fundamentals change slowly. That’s why the stock market is little changed most days. But in the long run, those boring days add up to big gains.
This chart shows that the individual stocks are following the trends of the major market indexes. This tells us that more new highs lie ahead.
We could be enjoying a bull market that might last until 2028, and over the next 11 years, the Dow could reach 60,000. It won’t go straight up, though.
It’s a simple market timing rule — when the Federal Reserve raises rates three times, stocks fall. Now it’s time for the stumble … or is it?
The Fed might be understating the fact that the labor market can improve. The economy is about 11.6 million jobs short of where it was before the recession.
While the Federal Reserve is raising rates in response to improved economic news, traders seem to be worried about the political situation around the world.