The Russell 2000 is on a 15-day win streak, gaining 16% over that time. Hope everyone is participating in that!
The stock market rally is being called the “Trump Rally.” Well, everyone thought Hillary had it locked up and the futures were down 5% when Trump looked like he’d win. Then after he won the market soared. Lower taxes. Lower regulations. Etc.
The economy is pricing in a higher GDP. We’ve been stuck under 3% during Obama’s presidency. Now Wall Street is anticipating 4-6%.
Higher mortgage rates would cause a drop in home prices. People can afford what they can afford. Unless wages start rising.
Trump wanted to refinance some of the short-term national debt at these historical low long-term rates. Uh, long-term rates have been rising… What will they be when he’s sworn in.
(If he is sworn in. Jill Stein leading the recount efforts in Wisconsin, Michigan and Pennsylvania. I think lawyers will make a lot, but nothing will change in the electoral college.)
Lots of Black Friday deals on … TVs. Tablets. Games. Etc. Mall traffic down (they say) but online sales setting records. Over $3B?
And lots of Green Friday deals at the marijuana stores…