$3,000,000,000,000
What we are witnessing today is the renewal of the American Spirit
-President Trump
President Trump talked about a new national pride sweeping across the nation, and a “new surge of optimism that’s placing impossible dreams firmly within our grasp.” Well, there are three trillion reasons why Americans should be more optimistic.
Wednesday was the best session for the Dow since November 7. The total market value, measured by the Wilshire 5000 since November 7, has rallied from a value of $22.0 trillion to $25.0 trillion. I don’t care who you are in America this will positively impact you.
|
Sector SPDR Fund |
% Change |
|
|
S&P 500 Index |
+1.53% |
|
|
Consumer Discretionary (XLY) |
+1.21% |
|
|
Consumer Staples (XLP) |
+0.61% |
|
|
Energy (XLE) |
+2.33% |
|
|
Financials (XLF) |
+3.02% |
|
|
Health Care (XLV) |
+1.17% |
|
|
Industrials (XLI) |
+1.97% |
|
|
Materials (XLB) |
+2.15% |
|
|
Real Estate (XLRE) |
+0.03% |
|
|
Technology (XLK) |
+1.46% |
|
|
Utilities (XLU) |
-0.53% |
|
Financials led the way even though President Trump didn’t mention dismantling the Dodd-Frank Act. I think there is a fair amount of excitement over banks being able to lend money to Main Street.
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Meanwhile, the Dow Jones Transportation Index (DJT) set a new all-time high, giving credence to the rally and to the economy.
AK Steel (AKS) is hiking prices by $40 across-the-board, and China has announced plans to cut its steel production due to pollution concerns. This is a perfect storm.
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