Stock Market Indices At Historic Levels
It’s official, the stock market has blown its top off. And, by that, I mean set a new all-time high for major index values. On Wednesday, the Dow Jones reached 20,000 points for the first time in its history. The Dow now joins NASDAQ and the S&P 500 in record territory.
Clearly, Wall Street is betting on a Donald Trump presidency being positive for the economy. The Dow is up 1,600 points since he was elected in November.
As CNN Money explains: investors are bullish that “Trump’s plans to slash taxes, ramp up infrastructure spending and cut regulation will make the American economy grow faster. If that happens, without any disruptions to global trade, it could propel corporate profits, the lifeblood of stock prices.”
I’ll be keeping on eye on how this plays out.
Image credit: Sam Valadi via Flickr