#RealNews

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[VIDEO] Supercuts: The Dow Is Great Again

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[VIDEO] Here’s Why the Donald Trump Stock Market Rally Is Still Going..But

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Wall Street at Record Highs as Tech, Energy Stocks Rally

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Caroline Valetkevitch reports: All three major U.S. stock indexes were on track to hit closing records on Monday, helped by gains in energy and other commodity-related shares and as Facebook led a jump in technology.

“I think the post-election rally is continuing. There was some concern that rates might rise too far, but it looks like they may have slowed down a little bit.”

— Bucky Hellwig, senior vice president at BB&T Wealth Management

The indexes, all of which hit intraday record highs, have rallied since the Nov. 8 U.S. election, with investors snapping up shares of banks, health care and other companies expected to benefit from President-elect Donald Trump’s policies.

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[ALSO SEE – Poll: Trump’s popularity soars after election]

The energy index .SPNY gained 2.1 percent to a 16-month high, dominating the gainers among the 11 major S&P sectors, as U.S. oil prices jumped 3.9 percent. Hopes that the OPEC would agree to an output cut next week lifted oil prices. The S&P materials index .SPLRCM was up 1 percent. Read the rest of this entry »


Krugman Kyrptonite! Stocks Surge

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[ALSO SEE – Paul Krugman Says Markets Will ‘Never’ Recover From Trump; Dow Hits Record High]

 


Paul Krugman Says Markets Will ‘Never’ Recover From Trump; Dow Hits Record High

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‘When will markets recover? Never.’

Blake Neff reports: New York Times opinion writer and economist Paul Krugman predicted early Wednesday morning that the stock market will “never” recover from Donald Trump’s presidential victory, only to be proven spectacularly wrong in less than a day. Instead of collapsing, the Dow Jones Industrial Average surged to an all-time high shortly before the closing bell.

“It really does now look like President Donald J. Trump, and markets are plunging. When might we expect them to recover? If the question is when markets will recover, a first-pass answer is never.”

Futures markets imploded Tuesday night as soon as it became apparent Trump was likely to win. At their nadir, futures for the Dow Jones Industrial Average had dropped 750 points.

“We are very probably looking at a global recession, with no end in sight. I suppose we could get lucky somehow. But on economics, as on everything else, a terrible thing has just happened.”

— Paul Krugman

At that point, Krugman chose to release a blog post in which he predicted these jitters represented a new permanent reality in the U.S. economy. Read the rest of this entry »


Fear & Loathing: S&P 500’s 9-Day Losing Streak Longest Since December 1980

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The S&P 500 index finished lower on Friday for the ninth-straight session, its longest stretch of declines since December 1980. Stocks rose after the open as investors digested a strong report on October jobs growth. But they soon erased their gains as uncertainty surrounding next week’s presidential election rattled markets.

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The S&P 500 SPX, -0.17% fell 3.44 points, or 0.2%, to 2,085.22, with consumer staples shares seeing the largest drop. The Dow Jones Industrial Average shed 41.84 points, or 0.2%, to 17,888.83, with Procter & Gamble Company PG, -1.76% and Travelers Companies Inc. TRV, -0.99% emerging as the biggest losers on the blue-chip gauge. Read the rest of this entry »


The Price of Oil has Plunged More than 45% in the Past Six Months. It Fell Again Today

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read more …WSJ.com


Stock Market Makes Money When? When Congress Does Nothing

“No man’s life, liberty, or property are safe while the legislature is in session”    

A new book on how to profit from the actions of Congress finds that historically, less government has generally been better for investors. In “Trade the Congressional Effect,” Eric Singer, a mutual fund manager who oversees the Congressional Effect Fund, looked at statistics over time and found that when Congress was in session, there was generally a negative effect on stock markets. The reverse was true when Congress was out of session.

In part, Singer says, this is due to investor uncertainty. But he also believes that Congress thinks too short term, and that Congressional legislation often has unintended consequences…

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via Washington Whispers

“No Man’s Life Liberty or Property is Safe…While the Legislature is in Session”

– Judge Gideon Tucker (and appropriated by Mark Twain)