Most Economic Indicators Pointing Upwards

It has only been over a week since the voters elected Trump and housing starts are up, unemployment claims have been the lowest since the great recession, retail sales look strong, corporate profits are up, the Dow gained more than 5% since the election. Happy days are here again?  We’ll see.  The uncertainty of the US elections kept the stock market stagnant for almost a year.  So this is a post-election bump that still has legs.  Trump’s pro-business policies of curtailing government regulations, lowering corporate, capital gains and foreign earnings taxes are meeting with great enthusiasm from the gnomes of Wall Street.  Look for a correction around Dow 19,500.  The correction could be 5-10%. Follow this blog so we may discuss the possibilities.

 

 

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