Stock market winning streak

Stock market winning streak

Posted: donlodsa Date of post: 14.06.2017

It is unclear what Trump was referring to in describing "the longest winning streak," since there are numerous measures for that, but in any case there has indeed been a sizable run-up in the stock market since the election, with all three major indexes at record highs.

Premarket: Oil deal; NATO summit; Markets winning streak - May. 25,

Most recently, the Nasdaq composite index has set a record-high close seven days in a row, which is the longest streak since Finally, stocks are in the midst of the second-longest bull market in historybeat out only by the run from to Trump's Thursday-morning tweet also cited a "great level of confidence. Some of this confidence was backed up Wednesday as retail sales, a more "hard data" measure of how much consumers are actually spending, beat expectations across the board.

There is still a gap between the survey-based expectations, stock market winning streak soft data, and the hard data that measures activity, but signs do point to increased confidence. The final bit of the tweet refers to Trump's purported tax plan, which Trump cited at meetings with airline CEOs and retail CEOs.

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He told airline CEOs last Thursday that he was releasing something "phenomenal in terms of tax" in the next "two to three weeks. Since Trump's election, Wall Street has been anxiously awaiting the where he learned to trade binary options because of the possibility that lower tax rates could increase profits for corporations.

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stock market winning streak

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stock market winning streak
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