Skip to comments.Stocks roar to fresh records as new year kicks off
Posted on 01/02/2020 10:41:20 AM PST by John W
U.S. stock indexes surged on the first trading day of 2020, with bulls looking to build on the best year for the S&P 500 since 2013 as global equities rallied on a move by Chinas central bank aimed at stimulating the countrys economy.
(Excerpt) Read more at apple.news ...
More bad news for Democrats in 2020.
Jobless claims fell by 2,000 to 222,000 in the week ended Dec. 28, according to Labor Department figures released Thursday.
The third straight drop in filings underscores recent signs of strength in the labor market. Companies may be less likely to let employees go amid an elevated level of job openings and difficulty attracting talented and experienced personnel.
Democrats cant even run against the economy! Geez.
I like nothing more than the image of liberal heads exploding.
They are going to be watching the DOW every minute, and the second it goes down, they all will sound the “recession” alarm, hoping that the cry alone will precipitate a recession, or worse. They are ready. They know exactly what to say and do.
Add that to the list of liberal failures:
Wet bed gate.
Stormy HO gate.
Let’s hope the gains hold until the closing bell....then it is a definite positive sign that will not be reported.
Still headed up.
Still headed up.
And the fictitious Benghazi 2.
DJIA now at 28,794.74 up +256.30
Dow closed up +330.36 or +1.16% at 28,868.80
All indexes up.
About 50% of the time, the first day trading sets the tone for the year.
Rats keep hoping for a recession
Thanks. That’s great. I agree with your take on it too.
Would love to see it barrel through 29,000 tomorrow, and let the anarchists have a weekend to wallow in that.
If you think it went up big today because Trump will sign the Phase 1 Trade Deal with China, then just wait until Trump defeats the communist candidate the Democrats put up.
That will be the day the market rallies like crazy!
I get your point and agree to an extent, but I am amazed at the market’s ability to see reality before it takes place.
The day before the 2016 general election, the market went bonkers. It had figure the election out.
It didn’t go bonkers because it thought Hillary was going to win, or it would have corrected the weeks after the election. No, it had it right, and it continued to grow knowing good economic times were just ahead.
So yes, I agree beating the Communist opponent will be good for the market, but I think the market will have calculated that in as much as months prior.
We may still see a good day right after the election, but I suspect it would not be as big as any of us might think.
Now if something did happen, and Trump were defeated somehow, that would just knock the stuffing out of the markets > IMO.
Markets can’t figure in rigged elections.
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