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Daily Recap

After days of modest and mostly upward moves, the stock market really took off today. Asian markets started it first, with Chinese and Japanese markets both solidly higher. Europe decided to see the Asians and raise them, with both British and German shares up nearly 2%. But it's all being led by continuing optimism about the combined fiscal stimulus and deregulation the Trump administration is expected to bring.

That led to fireworks in the US, with the Dow Industrials, Dow Transports, S&P 500, and Russell 2000 all scoring new all-time highs, and the Industrials closing in on the massive 20,000 level just 4 weeks after busting above 19,000. Good news about the US manufacturing index helped, up more than expected in November and now just a smidgen away from its 2014 high

Even bonds and gold got in the act. Long-term Treasuries were up more than a point, and the 10-year note's yield ... Log in or subscribe to continue reading.


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