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Richard’s Thoughts on Rising Rates and the Primary Trend

Daily Recap

Stocks zoomed higher again today, starting in Asia, where all the major exchanges were up. In Europe, the STOXX 600 was up modestly – plus 0.16%. The Global Dow Index gained a more impressive 0.91%, indicative of strength in Asia and North America – where South American and Canadian share prices were strongly higher, along with US stock prices.

 

The big feature was – not all that clear. Trump’s claim yesterday to soon announce a major and “phenomenal” tax change got more traction today, for whatever reason. And the President apparently had a good talk with Japan’s Prime Minister, Abe. But the main reason for the day’s big jump, once again into all-time record territory across the board, was probably just that investors wanted to own more stocks. At the close, the Industrials were up 97 points, to 20,270; the NASDAQ gained 19 points, and the S&P 500 rose 8 points, ... Log in or subscribe to continue reading.


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