Christmas just keeps coming after the holidays. We just witnessed another significant marker in our indices and around the world as other global indices follow suit. Just after the opening bell this morning WallStreet just announced that our markets have jumped from the previous record of 25,000 to 26,000! The Dow has recovered about 42% since President Donald Trumps election. The boom has been heard around the world and the ceiling has been broken again.
2018 setting off world records
Its only been almost 4 weeks into the new year and the momentum from the holidays keep building.
Looks like we are building a FOMO in our market. I would like to contribute to that excitement as well. Independently from the indices some stocks have seen larger gains beyond our markets such as AMZN is now 66%, NFLX has hit 78%, NVDA has jumped to 218%, BAC is at 83%, BBY has hit 93%.
Could the tax law be working?
I know that a lot of people look at the tax bill affecting only a certain sector of our economy is what people say in my local area in Austin, Texas. As the new tax law solidfies in our new year it looks like we are starting to see the trickle down effects. Looks like corporate American is responding in the correct way the tax law was designed for.
S&P500 2018 Characteristics
Other than the Dow and individual stocks the S&P 500 bluechips have also been active in a significant way. since the last quarter we have not witnessed a decline there has not been any pullback for about a year. So far under our current president these next 4 years are looking great. Businesses are feeling better, hiring and salaries will be next to be felt. finally our financial and economic growth is starting to pick up and shift into the next gears!