IS THE MSM TELLING AMERICANS THE GOOD NEWS THAT THEIR 401K’S ARE THRU THE ROOF?
Don’t look now but under the Trump presidency, the DOW is about to hit a record high of 22,000. As of Friday’s closing, the Dow Jones Industrial Averaged wrapped up at an all-time closing high , ending the week up 1.2% higher. The Dow finds itself just 170 points away from hitting another psychological milestone: 22,000. Does anyone think this type of market reaction would have occurred under Hillary Clinton? Not a chance. Currently, it is at 21,891.12. Now if only this pathetic GOP establishment Congress and obstructionists Democrats would follow Trump’s lead and provide real tax reform, the economy and markets with burn red hot. Take a look at your 401K and rejoice!
U.S. stock futures were setting up for a strong start to August. The Dow on Monday logged its 30th record high close of 2017, finishing about 108 points away from 22,000. The S&P 500 and Nasdaq were riding three session losing streaks. (CNBC)
July on Wall Street was the best month since February. The S&P 500 and Nasdaq gained nearly 2 percent and 3.4 percent, respectively. The Dow advanced about 2.5 percent for the month. August has not been very bullish this decade. (CNBC)
A largest driver of the Dow in recent weeks has been Boeing (BA). Shares of the U.S. aircraft maker gained nearly 22.8 percent in July, the best month since October 1982. Boeing has added more than 300 points to the Dow in the past month. (CNBC)