A nice up day in the financial markets, generally up 1% or so. And the NASDAQ broke through the psychologically important 6,000 level. Nice, but why, and is it sustainable? Not 100% sure on the why, but it looks like the economy is getting stronger and consumers are getting more confident. Check out Investor's Business Daily's article by clicking this link.
Today saw the markets slide down and close strong. The news cycle attributes it to Trump promoting a tax cut package. Apart from the day to day, we see that the markets have entered a lull, where they don't move up that much and they don't move down much. The market has shown stability and resilency, which over the long-term is good. There is more going on here than meets the eye, so it bears watching. Here's the link to Investor's Business Daily's news article. For now, forget about the markets, and have a good weekend!
Did you hear the bear growling recently? Don't worry, it's not out of its cage yet. Today we dipped down and then came back. We are due for a scare or two from the markets, but that is the short-term picture. Be driven by conviction, not the news. That said, do pay attention to the news, just not too much. To see Investor's Business Daily's take on today's market action, click here.
The markets were up and looking like they would close with nice gains. And then the Fed meeting minutes were released and soured the market mood. Check out this link for the story from Investor's Business Daily. Beyond the Fed headline news, the actual news flow was mixed. But that said, there is an old adage, which happens to be true, "Don't Fight the Fed."