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-   -   Libs WORST Nightmare: S&P 500 Index & Nasdaq Break New Records!!! (https://gfy.com/showthread.php?t=1312240)

OneHungLo 04-23-2019 05:18 PM
Libs WORST Nightmare: S&P 500 Index & Nasdaq Break New Records!!!
 

Quote:
Stocks closed at a new all time high on Tuesday as better-than-expected quarterly profits from some of the largest companies encouraged investors.

The benchmark S&P 500 index is up 17%, its best start to a year since 1987, while the Nasdaq has gained 22%, its best start since 1991. The Dow Jones Industrial Average remains about half a percentage point from its record last October.

Tuesday’s move to a record high for the benchmark S&P 500 index and the Nasdaq index comes less than six months after a sharp decline in late December, which led the S&P 500 to its worst annual performance since 2008 But stocks quickly recovered in the past three months as the Federal Reserve stopped raising interest rates and the Trump administration said it was making progress on a trade deal with China.

Coca-Cola, United Technologies, Lockheed Martin, and Procter & Gamble all reported better-than-expected quarterly earnings on Tuesday.

Twitter shares jumped on its stronger-than-expected results and the social media company said its monthly active users totalled 330 million.

Verizon shares fell even though the telecoms giant beat expectations and raised its outlook.

This is the busiest week of the U.S. corporate earnings season with more than 140 S&P 500 index companies publishing first-quarter results. So far more than 78% of the S&P 500 companies that have reported have surpassed analyst expectations, according to FactSet data.

However, the rally this year has been despite outflows from equity funds, according to Bank of America data, suggesting some of the gains have been driven by corporate buybacks of stocks.

Amazon, Facebook, Microsoft and Tesla are also due to report earnings this week.

Investors will watch first quarter U.S. GDP data due Friday to see if forecasts for slowing economic growth are fulfilled.

New-home sales in March ran at a seasonally adjusted annual rate of 692,000 or an increase of 4.5 percent, the Commerce Department said Tuesday. March’s sales were the best since November 2017. For the year to date, sales are running just 1.7 percent stronger than the same period last year. The median price of a home sold in March fell though to $302,700, 7.5 percent lower than the same period a year ago.


Investors are also concerned about rising oil prices which hit the highest levels this year the U.S. announced a further clampdown on Iran’s oil exports just ahead of the summer driving season.

International benchmark Brent crude closed at $74.51 a barrel, while U.S. benchmark West Texas Intermediate crude for June delivery settled at $66.30 a barrel.

https://www.foxbusiness.com/markets/...-april-23-2019

Bladewire 04-23-2019 05:19 PM
Trumps "approval" rating just dropped 5 points to it's lowest ever. They're saying the reason is the Mueller report exposing all of his corruption and lies.

Trump supporters are desperate for good news and don't understand the difference between the economy and the stock market.

The stock market is predominantly the 1%. Surprise surprise, the 1% is getting richer.

Diomed 04-23-2019 05:23 PM
Quote:
Originally Posted by Bladewire (Post 22457802)
Trumps "approval" rating just dropped 5 points to it's lowest ever. They're saying the reason is the Mueller report exposing all of his corruption and lies.

Trump supporters are desperate for good news and don't understand the difference between the economy and the stock market.

The stock market is predominantly the 1%. Surprise surprise, the 1% is getting richer.
In with the spin!

Bladey is one of those cross eyed retards who refuses to look straight.

Duurp dub duurp duurp duurp.. Which way did he go boss which way did he go.. HEOT!

OneHungLo 04-23-2019 05:24 PM
Quote:
Originally Posted by Bladewire (Post 22457802)
The stock market is predominantly the 1%. Surprise surprise, the 1% is getting richer.
Not true. Over 130 million people have pensions and 401ks!

They love Trump. They will not put a socialist like Bernie in there to muck it up! And Bernie is going to get the nod from the DNC.

directfiesta 04-23-2019 05:26 PM
Quote:
The Dow Jones Industrial Average remains about half a percentage point from its record last October.
......................................

Sly 04-23-2019 05:27 PM
Quote:
Originally Posted by OneHungLo (Post 22457806)
Not true. Over 130 million people have pensions and 401ks!
Curious how this will increase as news of Social Security dying grows.

I encourage any young person I know to set up a Roth IRA even if they can only afford a few bucks a week.

OneHungLo 04-23-2019 05:40 PM
Quote:
Originally Posted by directfiesta (Post 22457809)
......................................
And? it's been on an absolute tear since his election. A trade war and SEVEN rate hikes in a row cooled it off. It's back and they've already said no more rate hikes. It's a matter of time before the trade war is over.

It should be perfect timing.

Dow 30k right around 2020.

:pimp

huey 04-23-2019 11:16 PM
Quote:
Originally Posted by OneHungLo (Post 22457806)
Not true. Over 130 million people have pensions and 401ks!

They love Trump. They will not put a socialist like Bernie in there to muck it up! And Bernie is going to get the nod from the DNC.
It's crazy watching Americans hoping the market crashes because they don't like their President.
Retarded thinking.
As a Canadian that invests in two huge pension plans that are tied to US stocks I always hope the US market does well. I bet the people on this board that hope market crashes don't own a single stock, or have the balls to put their money where their mouths are and short the 500.

King Mark 04-23-2019 11:22 PM
Most critics, good or bad, have no idea what they're talking about when it comes to any of this.

Just another point for their scoreboard.

pimpmaster9000 04-23-2019 11:41 PM
Quote:
Originally Posted by OneHungLo (Post 22457828)
And? it's been on an absolute tear since his election. A trade war and SEVEN rate hikes in a row cooled it off. It's back and they've already said no more rate hikes. It's a matter of time before the trade war is over.

It should be perfect timing.

Dow 30k right around 2020.

:pimp
Tiny tiny rate hikes that never mattered before...dead for a year LOL...keep up the desperate news

BaldBastard 04-24-2019 12:27 AM
What does this line mean?

"However, the rally this year has been despite outflows from equity funds, according to Bank of America data, suggesting gains have been driven by corporate buybacks of stocks."

---

And whys Chinas up by 29.61% this year?
https://tradingeconomics.com/china/stock-market

Australia's up 20%..
https://www.abc.net.au/news/2019-04-...-high/11042236

Germanys up 15.76%
https://tradingeconomics.com/germany/stock-market

Japan up 13.7%
https://tradingeconomics.com/japan/stock-market


--- In fact its hard to find western countries that don't have an increase. Good to see that Trumps managing to keep the USA up but behind international markets, but sad when you read into it being mostly based on stolen and borrowed money.


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